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AGRICULTURAL MACHINE

Sector: Raw Materials • Location: Nicaragua

Source: World Bank Group

Project
Closed

The Farm Mechanization Project for Nicaragua will provide a loan of $1.2 million to the National Bank of Nicaragua for the purchase of agricultural machinery, particularly agricultural tractors. Nicaragua is an agricultural country with an unusually high potential for development. The country has a large amount of land, with good soils, that is not being used. Currently, land already in use is not

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The project “AGRICULTURAL MACHINE” is an infrastructure initiative in the Raw Materials sector, located in Nicaragua. Taiyo aggregates data on it from World Bank Group.

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Participants

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Status

Original status

closed

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Description

Description

The Farm Mechanization Project for Nicaragua will provide a loan of $1.2 million to the National Bank of Nicaragua for the purchase of agricultural machinery, particularly agricultural tractors. Nicaragua is an agricultural country with an unusually high potential for development. The country has a large amount of land, with good soils, that is not being used. Currently, land already in use is not being utilized to its full potential. In order to promote agricultural development and production, the project will provide agricultural machinery to farmers in Nicaragua to mechanize the farming industry. By mechanizing the farming industry, farmers will be able to increase the production of exportable crops, reduce the cost of production, and promote the economic development of Nicaragua.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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