Sugar Cane Replanting Program

About the program

The "Sugar Cane Replanting" program is a way to channel the donations made by the European Union through the "Caribbean Development Bank", which seeks to reduce poverty and improve living standards in the northern region’s sugar cane production in the country. In this way the producers of sugar cane, through the bank "Development Finance Corporation" belonging to the government of Belize, may obtain direct, or indirect loans through institutions in the form of loans, with the sole purpose of replanting sugarcane. In the same line with the donation of the European Union, it strengthens the "Sugar Industry Research and Development Institute" (SIRDI), an organization that takes care of providing technical tools and assistance to producers of sugar cane.

Country Belize
Classification Financing and credit
FNS Dimension Disponibilidad
Website http://www.dfcbelize.org/
Objectives
  1. Reduce poverty and
  2. Improve living standards in the northern region’s sugar cane production in the country.
Components and/or products

Loans: Producers of sugar cane in the northern region of the country, through the bank "Development Finance Corporation" belonging to the Government of Belize, may obtain direct, or indirect loans through institutions in the form of credits with an interest rate of 8%, with the sole purpose of replanting sugarcane.

Target population

Sugar cane growers in the northern region of the country.

Scope

Nacional

Geographical coverage Urbano
Responsible organism

Development Finance Corporation

Executing organism Development Finance Corporation
Financial sources

European Union (EU)