LIVESTOCK & AGRIC. D

closed

The proposed project would have three major objectives: (a) to continue assistance under earlier Bank financed projects for livestock and dairy development; (b) to promote agricultural diversification by supporting cultivation of crops in association with livestock; and (c) to assist settlers in National Settlement Institute colonies to improve techniques and production patterns on their farms, which are currently suffering from soil erosion and depletion. The objectives would be achieved through a three year commitment, five year investment program of US$100 million equivalent, assisted by extension and technical services costing about US$11.0 million. Sixty percent of the investment program would be financed by the Bank of the Republic; the Bank and the farmers would finance the remainder. The project faces no unusual risks. There is, however, an element of uncertainty as regards producers demand for investment loans.