The Gov’t of Dominica demonstrates its commitment to rehabilitate the Banana Industry
Prime Minister of Dominica, Honourable Roosevelt Skerrit is describing Government’s presentation of EC$ 1,000,000.00 to the AID Bank; the first tranche of Phase One (1) of the Banana Recovery, Sustainability and Diversification Plan as a very timely investment. He said that it is rather fortunate that while resources are scarce and demands are high, they are still able to launch such programs.
‘This is a 50/50 arrangement which means that if a farmer requires $ 60,000.00 to invest in his Banana Farm, he would receive $ 30,000.00 as a loan and the other
$ 30,000.00 as a grant.”
According to the Prime Minister, ‘this is a significant investment especially since the Government itself is putting in a direct grant fund into the Banana Industry.’
However, he made it fundamentally clear that the investment will not be of any real benefit to farmers if they do not take note of some of the important practices within the industry.