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The IDB Group uses loans, grants, guarantees and investments to fund development programs.
UR0072 : Farm and Modernization Development Program
| Project Description: The overall objective of the Farm Modernization and Development Program (PREDEG) is to raise the value of farm products and exports through investments designed to improve the subsector's competitiveness. The program has four components: (a) technological development; (b) quality control; (c) marketing development; and (d) institutional strengthening. The technological development component provides support for upgrading technology throughout the farm production system by investing in: (a) subsidies for eligible farmers who improve plant varieties by upgrading deciduous orchards, vineyards and citrus groves; (b) cofinancing projects to validate and adapt new farm production, market preparation and processing technology; (c) technical assistance in farming technology, agroprocessing industries and business administration; and (d) training for producers, agroindustrial processors, exporters and specialists providing technical assistance to the subsector on new technologies and business management. The quality control component provides support for development of a regulatory framework to govern product and processing standards and harmonization with MERCOSUR standards, by: (a) disseminating and enforcing these standards; (b) improving quality controls and inspection of fresh fruits and produce; and (c) certifying genetic strains and phytosanitary conditions and restocking with new varieties. The marketing development component finances: (a) trade promotion and market information projects, including trade fairs and trade missions abroad; (b) pilot projects in export markets; (c) preinvestment studies to identify and develop agroindustrial or commercially viable projects for submission to financial entities capable of expanding export opportunities; and (d) financing of strategic investments, through establishment of a seed capital fund (consisting entirely of local counterpart resources) to attract private sector participation in the financing of service centers (fruit and produce collection and processing stations) or other industrial operations to improve post-harvest handling and marketing of the subsector's products. |
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| Procurement Information |
Status |
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Basic Information | ||
| Project Number | UR0072 | |
| Operation Number | 1063/OC-UR | |
| Country | Uruguay | |
| Sector | Agriculture and Rural Development | |
| Subsector | Apricultural Productivity | |
| Project Type | Loan Operation | |
| Project Subtype | Specific Investment Operation | |
| Status | Completed | |
| Approval Date | NOV 25, 1997 | |
| Signing Date | NOV 28, 1997 | |
| Project Completion Date | FEB 22, 2007 | |
Financial Information | ||
| Total Cost - Historic | USD 49,000,000 | |
IDB Financing | ||
| Financing Type | Single Currency Facility | |
| Fund | Ordinary Capital | |
| Reporting currency | USD - United States Dollar | |
| Reporting Date | JAN 31, 2010 | |
| Approved Amount - Historic | USD 32,000,000 | |
| Cancelled Amount - Historic | USD 3,877,739 | |
| Undisbursed Amount - Historic | USD 0 | |
| Disbursed to Date - Revalued | USD 28,122,261 | |
| Repayments - Revalued | USD 12,719,415 | |
| Principal Debt Relief Amount - Revalued | USD 0 | |
| Amount Outstanding - Revalued | USD 15,402,846 | |
| Income Collected - Revalued | USD 11,410,883 | |
| Debt Service Projection | ||
Roles & Responsibilities | ||
| Borrower | Republica Oriental De Uruguay | |
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