Thursday 17 June 2021

Financing for the Coffee Sector

A new bill has been presented to grant resources at a preferential rate to coffee producers, aimed particularly at the smaller ones.

According to the bill, which received a positive ruling in committee and now must go to the full Legislative Assembly, the fund will be financed by a contribution of 5% from the liquid surplus of the Instituto del Café de Costa Rica (Icafé) -Coffee Institute of Costa Rica, the Ministerio de Agricultura y Ganadería (MAG) – the Ministry of Agriculture and Livestock, the Fideicomiso de Ayuda a los Productores de Café Afectados por la Roya and the Plan de Renovación de Cafetales (Trust Fund for Coffee Producers Affected by Rust and the Coffee Plantation Renewal Plan).

The legislative project establishes that the loans will be granted at a preferential interest rate, although this has not yet been defined in the plan.

- Advertisement -

In relation to the proposed law, Edgar Rojas, deputy executive director of the Icafé, explained to that ” … the plan will have the integral benefit of giving sustainability to national coffee …On the one hand, access to financing for coffee producers, under a new scheme of guarantee and counterguarantees which will facilitate a greater accessibility to resources in order to renew their crops, with tolerant varieties to coffee plagues and diseases without putting at risk their assets.”

Rojas added that ” … it will be the framework for the creation of a social responsibility fund that will strengthen the coverage of the insurance model for the coffee harvesting labor force. ”

- Advertisement -

We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Q Costa Rica
Reports by QCR staff

Related Articles


Southwest adds yet another route to Liberia, now from Denver

QCOSTARICA - Southwest airlines will add a new route to the Daniel Oduber International Airport, in Liberia, this time connecting with the city of...

Fifth tropical wave precipitation will be heavier in the north of the country

QCOSTARICA - For this Wednesday, the arrival of the fifth tropical wave of the season is expected, thus reinforcing the rainy activity mainly to...

The U.S. and Democracy in Nicaragua

Q REPORTS (Council on Foreign Affairs) Democracy is being destroyed in Nicaragua. This has been the long-term project of Daniel Ortega, the country’s dictator,...

Today’s Vehicle Restriction June 17: 7 & 8 CANNOT circulate

Today, Thursday, June 17, vehicles with plates ending 7 & 8 CANNOT circulate The measure is countrywide and applied between 5:00 am and 9:00 pm,...

“Caso Cochinilla”: Name arose when comparing parasite with hidden corruption

QCOSTARICA - On Monday, the Organismo de Investigacion Judicial (OIJ) moved to the raid, seize and arrest of their investigation into corruption of public...

The US sanctions Nicaraguan Daniel Ortega’s daughter and close associates

TODAY NICARAGUA – The United States imposed economic sanctions on four Nicaraguan officials close to President Daniel Ortega on Wednesday, June 9, 2021, including...

Today’s Covid News: Contagion rate in Costa Rica remains unchanged in the last week

QCOSTARICA - The contagion rate of covid-19 in Costa Rica in the last week did not change, a fact that is seen for the...

The US improves travel alerts for Central America; Not Costa Rica and Nicaragua

QCOSTARICA - The United States has eased travel advisories for most Central American countries, with the exception of Costa Rica and Nicaragua, according to...

Tourism sector feels in crisis despite increase in international arrivals

QCOSTARICA - Despite the improvement in tourist arrivals reported in May, with more than 72,000 visitors, both the Cámara Nacional de Turismo (Canatur) and...


Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.