Guyana, CARICOM Development Fund Agree on $7.3M in Funding

By: Caribbean Journal Staff - July 8, 2013

Above: CARICOM Secretariat headquarters

By the Caribbean Journal staff

Guyana and the CARICOM Development Fund have signed a country assistance programme agreement that will bring $7.32 million into the country’s agriculture sector.

The agreement combines a $4.56 million concessionary loan and a $2.66 million grant. Guyana Finance Minister Dr Ashni Singh and CDF CEO Ambassador Lorne McDonnough signed the agreement this weekend.

The funding will reportedly help more than 9,000 farming households in Guyana to gain “easier access to farmlands to improve and sustain agriculture production year-round,” according to a CARICOM statement.

Guyana President Donald Ramotar said the funding would “go a long way towards improving the infrastructural development in the agriculture sector.”

That would in turn stimulate and develop production, he said.

Dominica is also set to sign a similar agreement next week, according to the CDF.

Popular Posts

A.R. Carnegie, 74, Caribbean Legal Legend

A Caribbean Journal Editorial He was never a judge, never a Queen’s Counsel. His robes were never silk. But A. Ralph Carnegie was a Caribbean John Marshall if there ever was one. Ralph Carnegie, A.R. in scholarly texts, passed away […]

Robinson: Manatt Approached Government

Lackston Robinson, Jamaica’s Deputy Solicitor General, testified that it was the law firm Manatt, Phelps and Phillips, and not the Jamaican Government/Jamaica Labour Party, that made the first move to solicit a contract to lobby the White House, he told […]

IMF Back in Antigua on Performance Review

The International Monetary Fund has sent a team to Antigua for a third review of the nation’s performance on a stand-by arrangement with the IMF. According to the Ministry of Finance, the IMF team began the review Monday and will […]

Related Posts intercaribbean airways

This Turks and Caicos-Based Airline Is Expanding Again

Turks and Caicos-based Caribbean airline InterCaribbean Airways is expanding its fleet, Caribbean Journal has learned.  The carrier, which has been rapidly expanding its flight network across the northern and southern Caribbean, has closed on the acquisition of an additional seven […]

British Airways Just Launched Its First Flights to Guyana 

kaietur falls in guyana

British Airways just kicked off its first-ever flights to Guyana, a destination that continues to see new routes from both North America and across the pond.  The airline is now operating a new direct route from London Gatwick to Guyana, […]

InterCaribbean Adding Flights to Barbados, Saint Lucia 

Barbados Saint Lucia Flights

Turks and Caicos-based airline InterCaribbean Airways is adding more flights in the region, Caribbean Journal has learned.  Following the introduction of two new aircraft, InterCaribbean is doubling its flights to and from Barbados.  The airline is also adding more flights […]


Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.

No. Thank You