AGRICULTURALCREDIT I

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The Second Agricultural Credit Project will in the main be a continuation of the first agricultural credit project (Loan 538-CR) for the development of beef, bananas, cotton and pineapples, but it would also include dairy production, a wider range of crops (maize, rice, fruits, oilseeds, vegetables and oil palm), forestry and agro-industries. The proposed loan would finance medium and long-term investments over a period of three years in land and crop development, machinery and equipment, construction and installation, planting material and breeding stock, and capital goods and services. Under the heading of services the proposed loan would cover the foreign exchange cost of foreign technical experts, particularly in forestry and agro-industry, and about 15 fellowships for training Costa Rican professionals abroad in such fields as forestry, agro-industry, farm management, livestock and agricultural credit.