Agricultural Development Bank Law

The Agricultural Development Bank Law establishes the creation of a decentralized official credit institution aimed at providing financing to agricultural producers, with emphasis on small and medium farmers. This institution emerges in response to the stagnation of the agricultural sector, deficient agricultural production, and the need to diversify production, increase employment, and improve the population's diet. The bank is designed to facilitate medium and long-term financing to different categories of agricultural producers and serve as a financial agent for rural welfare programs. Its organizational structure includes a Board of Governors and a Board of Directors, with participation from both the State and the private sector.