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Farmers to benefit from US$4.5 million project


The Farmers Support Company (FSC) stands to benefit significantly from a recently signed project agreement between the Governments of Venezuela and St Vincent and the Grenadines.

The agreement, signed on Tuesday, March 29, at the Ministry of Agriculture conference room, is valued at US $4.5 million, with funding from the Hugo Chavez Frias Petrocaribe Action Plan for the Eradication of Poverty and Hunger.{{more}}

Minister of Agriculture, Fisheries, Forestry and Rural Transformation Saboto Caesar said that the Government of St Vincent and the Grenadines continues to do work as it pertains to having projects and programmes to assist in the reduction of poverty and the eradication of hunger.

“I am very happy that today we are going to sign this project for expanding the Farmers Support Company capacity, to finance strategic investments in agriculture in St Vincent and the Grenadines.

“I know that this is going to benefit our farmers significantly and benefit our cooperatives, because we have done great work as a nation in addressing the issue of food security and it correlates with the positive impact that we have seen in our ability as a very small nation to reduce hunger and undernourishment,” the Agriculture Minister stated.

Component coordinator for the Venezuela Food and Agriculture Organization (FAO), Circo Marcan, commended both governments for undertaking the initiative.

“This is a very fine example of the South-South cooperation. I think that the Farmers Support Company will open the avenues for a new style of cooperation in the country and for sure, this revolving fund will help the food security in St Vincent and the Grenadines and beyond,” Marcan said.