2025.04.30
On April 9, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of the Dominican Republic in the capital city Santo Domingo, to provide Japanese ODA loan for the Project to Improve Agricultural Financing for Strengthening the Food Value Chain.
Signing ceremony
The project outline is explained below.
Terms and Amount of Loan
- Country
(Target Areas)
Dominican Republic (Throughout the Dominican Republic)
- Project Objective
The objective of the Project is to improve agricultural Food Value Chain and financial access for agricultural sector in the Dominican Republic by providing Sub-Loan(s) especially for agrobusiness Micro, Small and Medium Enterprises (MSMEs) and cooperatives and implementing technical assistance to enhance the capacity of Banco Agricola (BAGRICOLA), thereby contributing to the development of the agricultural sector in the country.
- Project Component
A) Sub-Loan(s): Concessional loans through BAGRICOLA to agribusiness MSMEs and cooperatives
B) Consulting Services: Advice on business management, capacity building of BAGRICOLA branches and extension workers, and capacity building of agribusiness MSMEs and cooperatives
- Maximum Loan Amount
10,930 million Japanese Yen
- Annual
Interest Rate
Project: 2.40%, Consulting Services: 0.40%
- Repayment Period
30 Years
- Grace Period
10 Years
- Procurement
General Untied
- Executing Agency
Ministry of Agriculture
- Implementing Agency
Banco Agricola (BAGRICOLA)
- Contribution to SDGs
Goal 2（Zero Hunger）
Goal 8（Decent Work and Economic Growth）
Goal 12（Responsible Consumption and Production）
-
Planned Implementation Schedule
1. Completion of the Project: March 2031, when the loan disbursement is completed.
2. Issuing of Letters of Invitation for Consulting Services: June 2025
Sns share!
scroll