Business View Caribbean - June 2025

“This project is in a sector that is extremely important and it aligns closely with our national development priorities, and with the regional agenda on food security,” he concluded. Speaking at the signing ceremony, chief executive officer (CEO) of the CDF Rodinald Soomer said the US$18 million programme is a bold and strategic investment in the fulfilment of CARICOM and Guyana’s shared vision for a resilient, productive and inclusive agricultural sector that not only feeds the nation but nourishes the region and reinforces Guyana’s leadership role in advancing food and nutrition security in CARICOM. “This programme is intended to enrich lives, uplift local communities and regions, and create new economic opportunities for producers and processors of coconuts, cocoa, coffee, peanuts, pigs and pork products, honey and associated by-products and vegetables,” he explained. The CEO added that under the AIDP, the foundation for a safer, more competitive agricultural sector will be laid, with the construction of a modern swine abattoir, 13 new or upgraded agro-processing facilities, and eight enhanced surveillance outposts to enable officers to execute their duties under conditions which are more conducive and should yield better results in combating the prevalence of the carambola fruit fly. With president Irfaan Ali being CARICOM’s lead representative for agriculture in the region, the project’s proposed activities have notably satisfied several aspects of CARICOM’s goal of reducing the region’s food import bill, as well as in the areas of food and nutrition security, implementation and operationalisation of sanitary and phytosanitary- related policies, and increased production and climate smart agriculture. The program will contribute to the government’s broader diversification strategy including through the further development in agriculture, one of the country’s main non-oil sectors. With most agriculture concentrated on the coast facing challenges such as climate change risks and reduced availability of water and suitable land, Guyana’s ministry of agriculture aims to increase production and value addition in selected commodities. Through projects such as this, the ministry will be in a stronger position to propose policies and investments that generate the highest return for the country, in line with Guyana’s National Strategy for Agriculture (2020 – 2030). 10 BUSINESS VIEW CARIBBEAN VOLUME 12, ISSUE 06

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