Blog IICA

25% by 2025 reduction in the regional food bill

Fecha de inicio: 19/08/2022
Fecha de fin: 31/12/2025

Description

The implementation of the CARICOM Agri-Food Systems Strategy in member states seeks to reduce the region's large food import bill by 25% by 2025. To this end, it is planned to give special attention and priority, to crops and products that are niche in the region, these being: Poultry; Corn and Soybeans; Niche Vegetables: broccoli, cauliflower, carrots, onions, red cabbage, lettuce, tomato; Fruits: honeydew, melon, soursop, pineapple, dragon fruit, strawberries, avocado, mango, coconut and citrus; Roots and Tubers: Cassava, Sweet Potato, Table Potato and Dasheen; Herbs and Spices: Ginger, Turmeric, Thyme, Chives and Marjoram; Livestock: Cattle, Sheep, Fish and Goats. So also, some of the actions planned to achieve the goal of reducing food imports are associated with increasing production and productivity, Other plans being implemented include: Market Driven Production and Intelligence; Cross Border Production and Investments; Climate Smart Agriculture; Coordination and Governance Mechanism; Digitalization of the Sector; De-risking and Financial Education of the Regional Agricultural Sector; Sanitary and Phytosanitary and Trade Related Policies.

Observations

The budget includes funds reported by Grenada, Saint Lucia, Saint Vincent and the Grenadines, and Suriname.

Action scope

Regional

Evaluated

No

Stage

Implementation- Ongoing

Temporalidad

Short-term

Number of Years

3 - Year -s

Related elements

Budget in USD

Budget in USD
$550,000,000.00
Counterpart Budget
$0.00
Total Budget
$550,000,000.00
Annual Average Budget
$183,333,333.00
Financing Sources Financing Types
Public budget

Institutions

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