Signing of Trust fund with the BDP and negotiations with Mayors

Signing of Trust fund with the BDP and negotiations with Mayors

On the 22nd of July, 2015, after substantial negotiations with the Development Bank for Production (BDP), CIDRE signed a management contract for the Trust Fund for Fisheries and Aquaculture.

This contract makes BOB 20,000,000 available to people working in both of these sectors to expand their activities. It demonstrates a willingness of the National Government to work with private financial institutions to promote strategic food security programs.

In parallel, CIDRE has started talks with municipal and departmental governments of Santa Cruz, Cochabamba, and Beni, for supplementary investments to the same Trust, to replace non-repayable public investment in productive activities by (more sustainable) individual or communal credit initiatives. This would also focus departmental and municipal government resources on food security, concurrently with national government investment.

This public-private agreement, if successful, will be an excellent innovation and contribution of the Peces para la Vida II project to sustainable (and fiscally responsible) policies for sustainable productivity in rural areas.

Julio Alem, CIDRE,

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