CDB and FAO strengthen partnership with new agreement


Montego Bay– The Caribbean Development Bank (CDB) and the Food and Agriculture Organization of the United Nations (FAO) on Monday signed an agreement to strengthen their partnership to help countries in the Region achieve key development goals in agriculture. The Framework Cooperation Agreement makes provisions for CDB to partner with FAO to provide technical assistance for projects financed by the Bank. It will also allow countries with common membership in both organisations to directly engage FAO using loan or grant funds provided by CDB.

For more than three decades, CDB and FAO have partnered on several interventions, including the development of an Agricultural Water Investment Plan for Belize; a study on the Feasibility of Rainwater Harvesting in the Caribbean; an Evaluation of Greenhouse Technology in Crop Production; and studies in support of CDB’s preparation and appraisal of agricultural development projects in Jamaica. During the signing ceremony, Best also announced that CDB and FAO are collaborating on a study, “The State of Agriculture in the Caribbean”, scheduled for completion in May. It will detail key trends in agriculture in the Bank’s borrowing member countries, and highlight related opportunities for investments to support social and economic growth, poverty reduction, and sustainability.(CDB)…[+]