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Banana producers ask for RD$400M loan to improve competitiveness

Santo Domingo.– The Dominican Association of Banana Producers asked the government  for a new loan of 400 million pesos for the renewal of farms and to  improve the competitiveness of the sector, to the same conditions before the storms Olga and Noel affected plantations nationwide.

The request was made at a meeting in the conference room of the  Dominican Agribusiness Board (JAD) in Santo Domingo that was attended by Agriculture minister Luis Ramon Rodriguez, JAD executive chairman Osmar Benitez,  and Francis Wood, executive director of the National Banana Policy.

As for ADOBANANO, the meeting counted with the presence of its president Elso Jaquez, vice president Luis Bonilla, consultant Elnio Duran, and executive director Maximo Jerez.

The entity that groups the banana producers requested that from the RD$2,000 million announced for capitalization of the BAGRICOLA, 400  million is allocated to the banana industry.

In the meeting additional funds  to manage Inter-American Development Bank (IDB) were also proposed to  complete the supplement funds (about 770.25 million pesos), with which  the budget of the National Strategy of the Banana Industry would be  completed.

Source: DT

Category: DR News |

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Last updated March 25, 2017 at 5:40 PM
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