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- Operations
- Border Region Rural Development Project (Additional Loan)
Border Region Rural Development Project (Additional Loan)
Dominican Republic
Borrower | Dominican Republic |
Financing Type | Public Sector |
Instrument | Project Loan |
Focus Area | Agriculture |
Approved | 18.06.2010 |
Status | Cancelled |
Loan Administrator | IFAD |
Executing Agency | The Ministry of Agriculture |
Co-financiers | Government, IFAD, Other |
OPEC Fund Contribution (US$m) | 5.00 |
Total Project Cost (US$m) | 24.83 |
In 2008, OFID co-financed a project aimed at reducing rural poverty in the Dominican-Haitian Border region. The original scope of the project, however, has been expanded. Activities will focus on four main components, which include:
- improving access of economic organizations’ access to local, regional, national and export markets;
- institution-strengthening and capacity-building among economic organizations;
- promotion of technological innovation and diversification schemes, such as the provision of technical support and on-the-job training;
- carrying out of rural finance schemes.