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[China-Venezuela Joint Fund] CDB funds VEF 34.313.496 expansion of Jirajara Socialist Agriculture project (linked to Record ID#58677, 37804, and 37808)
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | Banco de Desarrollo Económico y Social de Venezuela (BANDES)|China-Venezuela Joint Fund |
| Country | Venezuela |
| Start Date | Sep 01, 2010 |
| End Date | Jun 13, 2029 |
| Duration | 6,860 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 94088 |
Grant Description
[China-Venezuela Joint Fund] CDB funds VEF 34.313.496 expansion of Jirajara Socialist Agriculture project In 2010, the Long Term Facility (see Record ID#37804, and 37808) of the China-Venezuela Joint Fund (see Record ID#58677) was signed.
It funded a number of projects, including VEF 34,313,466 for the Jirajara Socialist Primary Production Unit (Spanish: Unidad de Producción Primaria Socialista Jirajara). The project cost USD 5,453,320.10. The Chinese funding allowed the project to be expanded by 5,459 hectares. The original farm which formed the basis for this project dates back to at least 2007, and probably earlier.
The project is located in Trujillo. It was implemented by the Ministry of People's Power for Agriculture and Lands (MAT). It primarily produces sugar cane.
In 2011, there was some controversy over the project when multiple animals from nearby farms escaped and trampled some of the sugar being grown in the Jirajara project. The animals were then taken and relocated by MAT, leading to complaints about corruption from the local farmers.
Staff Comments
1. No transaction amount is recorded because it is captured in either project ID#37804 or #37808. It is unclear if the project was financed by the USD tranche or the CNY tranche.
Sources & References
- Señaló la ministra del Comercio
- Edmée Betancourt
- Fondo chino-venezolano impulsa 160 proyectos para el desarrollo del país
- EL ABUSO DE PODER DE LOS FUNCIONARIOS DEL MAT
- TRUJILLO, ***Agrícola Torondoy tiene previsto iniciar el arrime de caña este viernes 16 de mayo y espera incrementar la producción en los próximos días de acuerdo a las condiciones climáticas de la zona
- Fondo Chino Venezolano renueva su compromiso con el fortalecimiento socioeconómico de la Patria
- Exposición General
- Aló Presidente N° 283 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
Banco de Desarrollo Económico y Social de Venezuela (BANDES)|China-Venezuela Joint Fund
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