Fund set up for drought relief

The Banca para el Desarrollo has designated 1 billion colons for a fund to help farmers and ranchers affected by the Guanacaste drought.

The project was developed in conjunction with Luis Felipe Arauz Cavallini, the minister of Agricultura y Ganadería.

The fund is designed to provide credit and easy repayment terms when the president has made a declaration of emergency. The amount is about $22 million.

Those in agriculture in Guanacaste have suffered this year because there was less rain than normal. But they are very concerned about the possibility of even less rain in 2015.

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