Sustainable agriculture projects to receive $1.2 billion from the IDB
Sustainable projects in Brazilian agriculture will have access to a new credit line of US$ 1.2 billion from the Inter-American Development Bank (IDB), according to information from the Ministry of Agriculture, Livestock and Supply (Mapa).
Part of the resources, US$ 230 million, will be applied by the ministry in the Support Program for Agricultural Development in the Northeast (AgroNordeste).
The amount will be invested in the development of economic opportunities in agricultural value chains, in land and environmental regularization. Projects to expand the existing fruit fly-free area in Rio Grande do Norte and Ceará, and in the Consolidation of the Fruit Fly Plant Protection Area in the São Francisco Valley region will also benefit.
The resources will benefit associations and cooperatives for the production of honey in Piauí, mango production and sheep farming in Rio Grande do Norte, skins, hides and sheep farming in Paraíba, milk from Sergipe milk, among others. In total, more than 166,000 producers, organized or not in associations and cooperatives, should benefit.
The IDB credit lines will be available for ten years and the projects should be considered a priority by the Strategic Plan 2020-2031 of the Ministry of Agriculture.
*With information from the Ministry of Agriculture
Text translated using artificial intelligence.
