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Caribbean: European Development Fund to finance coconut project

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Tuesday, 11 December 2018

Caribbean: European Development Fund to finance coconut project

The coconut industry in Barbados and the rest of the Caribbean should soon be receiving a further boost. That is because the 11th European Development Fund (EDF) will be financing a second coconut project in the region. Word of this came from Programme Manager, Delegation of the European Union to Barbados, the Eastern Caribbean States, the OECS and CARICOM/CARIFORUM, Katja Svensson, at the recent Caribbean Agricultural Research and Development Institute (CARDI) Day of activities. Ms. Svensson revealed that a decision was made on Wednesday, December 5, to finance a second coconut project, which will span a period of five years and will have a total budget of six million euros. She further highlighted that the second project will build on the first one, which concludes at the end of this month. The four-year project, she said, made significant steps in researching regional and global development in the coconut industry as well as the whole coconut value chain.

Source: today.caricom.org