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Decree-Law No. 27/94 of 18 April 1994 creating the Rural Credit Bank (CCR- "Caixa de Crédito Rural").

Country/Territory
Cabo Verde
Document type
Legislation
Date
1994
Source
FAO, FAOLEX
Original source
Boletim Oficial da República de Cabo Verde, No. 15, 18 April 1994, pp. 214-220.
Subject
Agricultural & rural development, Fisheries
Keyword
Special fund Subsidy/incentive Cooperative/producer organization Agricultural development Aquaculture
Geographical area
Africa, Atlantic Ocean Islands, North Atlantic, Sahel, Small Island Developing States, Western Africa
Abstract

This Decree-Law creates the Rural Credit Bank (CCR- "Caixa de Crédito Rural") whose competence shall be to increase and facilitate financial assistance to agricultural and fisheries development entities. This Decree-Law is divided into 12 articles approving the CCR's constitution. Article 4 deals with technical and economic agreements between ministries responsible for agriculture and fisheries, specifying the cases in which such agreements should be carried out. The constitution is divided into 5 chapters. Chapter I deals with the objectives of the CCR which include: granting financial assistance to fishing and agricultural cooperatives, as well as credit to third parties. Chapter II deals with the kind of incentives and financial assistance in these areas by facilitating credit for construction, renovation, or any other improvement (art. 6). Article 7 defines cooperatives which may benefit from such credits. CCR must guarantee for the fulfillment of contract obligations of third parties (art. 12). Chapter III lists the CCR competent authorities, specifying their duties and composition.

Full text
Portuguese

References - Legislation

Repealed by

Decree-Law No. 73/99 abrogating the Rural Credit Bank (CCR- "Caixa de Crédito Rural").

Legislation | Cabo Verde | 1999

Keyword: Special fund, Subsidy/incentive

Source: FAO, FAOLEX