CAJA AGRARIA

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The Caja Agraria Institutional Development Project is part of Colombia's strategy to stimulate the growth of the agricultural sector, through, inter alia, institutional reforms to upgrade and improve the operational capacity of key public sector agencies. The project aims at strengthening Caja, the main financial intermediary for agricultural credit in Colombia, thereby helping to meet the rural sector's needs for financial services in a more efficient manner. The project will comprise consultant services, training, office equipment and civil works to assist Caja in defining and implementing measures to improve operational efficiency, reduce its loan portfolio arrears, improve credit procedures, enhance its capacity to mobilize resources using market mechanisms, improve its accounting and management information systems, and rationalize and improve its branch network. The main project benefit is that Caja will become a more efficient, competitive and self-sustaining financial intermediary.