The government Ministry of Economy and Finance (MEF) today signed a US $ 100 million loan agreement with the Inter-American Development Bank (BID) to finance the second phase of the program for the development of agricultural health and food safety, which will be implemented by the National Agrarian Health Service (Senasa).
The MEF reported that the aforementioned program is attempting to eradicate the fruit fly in Tumbes, Amazonas, Cajamarca, Piura, Lambayeque, La Libertad, Apurímac, Cusco and Puno; as well as the eradication of diseases affecting pigs in Peru. Another objective is to improve food safety in primary production and processing and animal feed.
The loan is paid over a total term of 12 years, including a grace period of 8 years, at a Libor rate of three months, plus a margin to be determined by the IDB in accordance with its interest rate policy. Similarly, a credit committee of up to 0.75% per year will be paid on the unpaid balance of the loan.
The total estimated costs of the above program amount to S / 674.6 million (US $ 192.7 million) and will be funded through the IDB loan of US $ 100 million and US $ 92.7 million as a national counterparty.
The Minister of Agriculture and Irrigation, Gustavo Mostajo, emphasized the benefits of this program that aims to further stimulate agricultural exports and guarantee their harmlessness.
He said that with the eradication of the fruit fly the plague will benefit from 880 thousand horticultural producers, while with the elimination of pig diseases to 598 thousand pig farmers.
In the same way, the aim to improve the safety of food production in agriculture and primary processing and animal fodder aims to reach 116 thousand agricultural producers and 54 thousand farms in the agrifood chain.
Mostajo stressed that in this way the government is planning to close the gaps in the supply of agricultural health services and agro-food safety, in such a way that it contributes to doubling agricultural exports to the bicentennial And achieving a growth of the agricultural budget to 5% by year 2021.
The MAF holder, Carlos Oliva, in turn emphasized that this loan is in line with the Government's commitment to the development of the agricultural sector, thereby improving competitiveness for a greater impact of the agro-industry on economic growth from our country.