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Law 16 of 1990: National Agricultural Credit System and Creation of FINAGRO
Start Date:
1990
End Date:
N/A
Description
Law 16 of 1990 establishes Colombia’s National Agricultural Credit System and creates the Agricultural Sector Financing Fund (FINAGRO) to channel financial resources toward agricultural activities. It defines agricultural development credit, establishes rediscounting and funding mechanisms, organizes agricultural credit governance and guarantees, and provides specific financing mechanisms for small agricultural producers.
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