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Law on the Development Financial Corporation (No. 1 of 2009)

Start Date: 03/09/2009
End Date: N/A

Description

This Law creates the Development Financial Corporation and defines its functions and powers. The Corporation will provide financially sustainable and environmentally acceptable financing to individuals or groups seeking funding for specifically approved purposes that they would otherwise be unable to finance from other sources on reasonable terms and conditions. Additionally, the Corporation will finance development in sectors such as agriculture, forestry, fishing, industry, agribusiness, tourism, and provide funding to microfinance entities, among other activities.

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