Green calls for low-cost loans for farmers and fishersThursday, May 13, 2021
KINGSTON, Jamaica — Minister of Agriculture and Fisheries, Floyd Green, is calling on financial institutions to provide low-cost capital for farmers and fishers.
The minister, who was addressing a post-Sectoral Debate media briefing held virtually today, said that farmers and fishers are being held back due to the inability to access affordable financing.
He said that “significant conversation” on the issue had started last year with the onset of the COVID-19 pandemic. However, he noted that, to date, “we still have not seen the private sector respond in a tangible way”.
Green said that he has met with the Development Bank of Jamaica (DBJ) and the entity is earmarking a segment of its credit enhancement facility to provide for agriculture loans.
“We are also looking to utilise our credit unions more, so that our farmers and fishers can truly access these loans,” he said.
He noted that “the reality is that our financial services really need to step up to the plate and provide low-cost capital, so that our entrepreneurs in farming and fisheries can expand”.
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