22-08-2014 02:30 AM | Mexico

Farmers to get over $3 bn in loans, Mexican gov't says

Mexico's government plans to provide farmers with 44 billion pesos ($3.35 billion) in loans this year on preferential terms, President Enrique Peña Nieto said.

The president spoke during the official launch Wednesday of Financiera Nacional de Desarrollo, a development bank created as part of the financial system reforms implemented in January.

Financiera Nacional de Desarrollo will work with peasant, state and private lending institutions to support the farm sector, the president said.
Full Story : Fox News Latino