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- Where we work
- Las Verapaces Rural Development Project
Las Verapaces Rural Development Project
Guatemala
| Borrower | Guatemala |
| Financing Type | Public Sector |
| Instrument | Project Loan |
| Focus Area | Agriculture |
| Approved | 31.08.1999 |
| Signed | 10.10.2001 |
| Status | Completed |
| Loan Administrator | IFAD |
| Executing Agency | National Fund for Peace (FONAPAZ) |
| Co-financiers | IFAD, Government |
| OPEC Fund Contribution (US$m) | 5.00 |
| Total Project Cost (US$m) | 23.60 |
This loan will help finance a rural development project in Las Verapaces region aimed at reducing poverty among indigenous farmers and landless laborers. It will foster income-generating activities and create job opportunities, raising the living standards of some 53,000 rural households.