| The Dominican Sun |
| "Daily Dominican Republic News in English Since 2004" |
| Monday, February 8th, 2010 |
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Growers deliver in Dominican Beans-for-Venezuela Crude deal
Story Text & Photos © 2010 by Dominican Today Feb 8 2010 13:29PM
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Dominican Today -
San Juan, Dominican Republic.- Kidney bean growers of San Juan de la Maguana Valley began to deliver their harvests as part of their RD$100 million financing program with the Treasury Ministry, with nearly 4,000 hectares planted to pay for Venezuela’s oil with goods and services.
As the crops began to arrive, Treasury vice minister Julio A. Fernandez said the payment to the growers is guaranteed since the funds are deposited in the State-owned Reservas bank.
Meanwhile Rafael Espinal, coordinator of the Petrocaribe Debt Interchange Program with Venezuela, said the project will benefit around 500 kidney bean growers of San Juan Valley.
He said the grain growers will get paid for their beans not more than 15 days after delivering their harvest.
Read original at Dominican Today.
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(Posted 13:29 Monday by DRSol NewsHound. Viewed 11 times.)
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