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NewsWhore
09-17-2008, 04:10 PM
After agriculture sector spokesmen complained last week that government offers to fund farms had never materialized, yesterday President Leonel Fernandez again announced the availability of RD$6 billion to fund farming. He said that RD$1.5 billion are already available at the Banco Agricola to finance short-cycle crops. He said that another RD$2 billion would shortly be available at the Banco Reservas and Banco Nacional de la Vivienda (BNV). The remaining RD$2.5 billion requires the BNV to issue bonds. Felix Garcia, president of the Association of Farm Produce Conserves, Jose Ramon Peralta, president of the Dominican Agribusiness Board, and Eric Rivero, president of the National Cattle Ranchers Board were invited to the Presidential Palace yesterday. Upon receiving the information from the President they told Hoy that the sum would enable them to re-launch the farming sector. "These funds are sufficient to start moving the national food production wheel," said Peralta.
Representing the government were Presidency Secretary Cesar Pina Toribio, Agriculture Minister Salvador Jimenez, Administrative Secretary of the Presidency Luis Manuel Bonetti, Hacienda Minister Vicente Bengoa, and Banco Agricola director Paino Abreu, among others. For the private farming sector, Cesareo Contreras, Jose Peralta, Eric Rivero, Julio Brache, Felix Garcia, Manuel Escano and Miguel de Moya attended.

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