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Tuesday, April 19, 2011

Dominican Republic State-owned bank invests RD$3.0 billion in rice crop

Banco de Reservas (Banreservas) will invest RD$3.0 billion to finance the next rice harvest, which will benefit 35,000 rice growers and 150 rice mills.

According to Vicente Bengoa, the administrator of the State-owned bank, each year the crop is financed by Banreservas with an excellent return rate of the loans of close to 100%, which makes it a good business and guarantees the success of the program.

The Dominican Republic produces nearly 13,000,000 qq in a process that involves half a million persons who earn the sustenance of their families and boost the economy, increasing and strengthening commerce and industry by means of consumption.

Source: Dominican Today

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