Yes ok Dominican Republic provides 80% of the food to the inhabitants, bank loans become a financing mechanism to increase agricultural production and yield. Between July and September 2023, the Agricultural bank disbursed RD$6,973.8 million in loans, for an effectiveness of 98.4% compared to those formalized (RD$7,082.9 million).
The data from the financial institution establishes that rice, tobacco and cocoa, represent 36.3% of the amounts disbursed in the third quarter of the year. This means RD$2,535.5 million of the RD$6,973.8 million.
Rice, the primary food of the basic basket Of the 11.5 million Dominicans, it received RD$1,591.5 million, distributed in marketing (RD$898.3 million) and production (RD$693.2 million).
He crop cocoa had a credit of RD$648.9 million, but RD$393.8 million went to promote its commercialization and RD$255.1 million for the production stage. According to the data, credit to tobacco producers stood at RD$295.1 million. In smaller quantities, banana production, with RD$112.1 million; avocado, with RD$215.7 million, and coffee, RD$81 million.
When breaking down the data, the agricultural sector had the greatest financing, receiving RD$5,077.1 million, followed by cattle and pork, with RD$812.1 million, and poultry, with RD$380.7 million. Meanwhile, they are followed by aquaculture (RD$49.7 million), beekeeping (RD$7.5 million) and other unidentified purposes (RD$646.3 million).
The banking entity indicates that at a 0% rate they benefited 309 producers to work 14,283 tasks. This involved a credit of RD$346.5 million.
Impact on producers
The sector generates jobs, guarantees food safety of tourists and promotes the development of rural areas. But, in addition, the agricultural sector contributed RD$194,529.1 million between January-June 2023 to the local gross domestic product (GDP). Data from the Central Bank (BC) establish that RD$132,764.6 million was for the agricultural subsector and RD$61,764.5 million for livestock, forestry and fishing.
In the period January-September This year, Bagrícola indicates that 20,264 loans had a disbursement of RD$25,457.9 million, an action that benefited 20,385 to work 1,161,045 tasks distributed throughout the national territory.
2023-10-19 21:25:21
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