The Japan International Cooperation Agency (JICA) signed a Loan Agreement (L/A) with the government of the Dominican Republic on April 9 in Santo Domingo, the capital of the country, for the “Agricultural Finance Improvement Project for Strengthening Food Value Chain”. The outline of the project is as follows
Signing Ceremony
Project Summary
Agricultural Finance Improvement Project for Strengthening Food Value Chains
（Project to Improve Agricultural Financing for Strengthening the Food Value Chain)
Country (Region)
Dominican Republic (throughout the Dominican Republic)
Business Objectives
This project will contribute to the development of the country’s agricultural sector by providing loans through agricultural banks to small and medium-sized agricultural businesses and cooperatives, and by improving the capacity of agricultural banks.
Business
(a) Sub-loans: Concessional loans to small and medium-sized and smaller agricultural businesses and cooperatives through agricultural banks.
(b) Consulting services: advice on business management, capacity building of agricultural bank branches and agricultural extension agents, capacity building of small and medium size and smaller agricultural businesses and associations, etc.
Loan amount (maximum)
10.93 billion yen
Interest Rates
Main body: 2.40% Consulting services: 0.40
Redemption period
30 years (including 10 years of deferment)
Procurement Conditions
General untied
Implementing Agency
Ministry of Agriculture of the Dominican Republic
Executing Agency
Agricultural Bank of the Dominican Republic (BAGRICOLA)
Contribution to the achievement of the SDGs
Goal 2 (zero hunger)
Goal 8 (both job satisfaction and economic growth)
Goal 12 (Responsibility to Create, Responsibility to Use)
Schedule for future project implementation (tentative)
- Project completion date: March 2031 (project completion upon completion of the loan)
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expected date of invitation for consulting services: June 2025
© Source JICA
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