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  2. Simon Bolivar Experimental Institute of Technology and Agriculture

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Simon Bolivar Experimental Institute of Technology and Agriculture

Financing Type Grants
Category Technical Assistance
Focus Area Agriculture
Approved 06.12.1989
Signed 12.12.1989
Loan Administrator OPEC Fund for International Development
Executing Agency Simon Bolivar Experimental University
Co-financiers OPEC Fund, European Econ. Community, Corpoven, Gran Mariscal de Ayacucho Foundation, Cavendes Foundation (Venezuelan Company for Development), Bigott Foundation, Government of Canada, Government of Switzerland, Pro. Clubes 5V Association, Government of U.K., Vollmar Foundation, Ex-Alumni Association of Engineering Dept. at the Central Univ. of Venezuela, Scholarships, Farm Income
Organization FUNDACEA
OPEC Fund Contribution (US$m) 0.10
Total Project Cost (USDm) 1.38

The grant was extended to support the Simon Bolivar Institute as an Experimental Agricultural College for training students in Latin America and the Caribbean, located in Estado Barinas, Venezuela. The Institute aimed at purchasing machinery and equipment for the Ticopora Farm to provide first hand training for its students. The equipment was used for reforestation, construction of a water supply system on the farm, building in-farm roads, and expanding the sowing area, as well as establishing a lending program to assist neighbouring farmers to develop their farms.

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