LIVESTOCK III

closed

The proposed livestock and agricultural development project is a continuation and elaboration of the projects previously financed under Loans 430-ME (for $25 million in 1965) and 610-ME (for $65 million in 1969). The objective of all three projects is to expand Mexico's livestock and agricultural production by: (a) increasing the flow of medium- and long-term credit into agriculture; (b) encouraging private banks toward medium-term lending for agriculture, which they have traditionally shunned largely because of lack of experience; (c) expanding the processing of agricultural and livestock products; and (d) providing technical services to producers. An additional feature of the new project would be the financing of rural works and infrastructure designed to serve groups of small farmers and cattle owners.