One day after Guyana’s President Irfaan Ali presented his plan on the regional agriculture sector to the 33rd Inter-Sessional Meeting of CARICOM Heads in San Pedro, Belize, a decision was taken for this country to host regional leaders and private sector bodies to discuss investment financing.
During his presentation to the CARICOM leaders on Thursday, Ali had announced that Trinidad-based Republic Bank, through the CARICOM Sustainability Agriculture Credit Facility will be offering up to $20 billion (US$100 million) in financing for the development of the agriculture sector. The Guyanese head of state is heading the Special Ministerial Taskforce on Agriculture, Agricultural Diversification and Food Security with the aim of reducing the region’s US$6 billion food import bill by 25% by 2025.
