What is NENARACA?
is a voluntary regional association of credit institutions and agencies in the Near East and North Africa Region that deal directly or indirectly with agricultural credit operations and development.
It was established on 8th December 1977 in response to a growing need among the countries of region and for fulfillment of the recommendations by FAO 1975 World Conference on Credit for Farmers in Developing Countries for establishing Regional Credit Associations (RACs).
enjoys an autonomous financial and administrative status and legal entity.
Aims and Objectives
The main objective of is the establishment of strong foundation and guiding principles for sustained and effective development of agricultural credit systems and efficient agricultural credit institutions in the countries of the Region ,that could assist in the promotion and acceleration of agricultural and rural development in the most desired and efficient manner. Most specifically the main objectives are:
cooperation in the fields of planning and development of financial services for
among its members systematic interchange of information and experiences.
studies and organize specialized symposia to discuss issues of common interest
in work functions and policies.
Coordinate and organize training programs for upgrading agricultural credit and banking skills of the staff of member institutions.
The financial resources of is composed of annual membership fees at a rate of Us$ 5000 per financially capable members and $1000-2000 for small members, payments received to the fulfillment of contracts undertaken by for the benefit of others in the field of training activities or research ,translation,…..etc.
In addition, NENARACA receives technical assistance to carry out specific activities requested by international organizations which are interested in agricultural development in the Region.