EU aid for banana sector.
The banana sector will receive a 1.3 million euros subsidy in a
contract between the European Union (EU) and the ministry of Planning
and Development Cooperation, reports Caribbean Net News (April 1, 2008).
All EU subsidies will end in 2009. Since 2000 the EU has made over 23
million euros available for restructuring the banana sector here, while
the Suriname government contributed another 23 million euros. The new
grant will be invested in expansion of the irrigation system at the
Jarikaba plant of the Foundation for Preservation of the Banana Sector
(SBBS), said EU-representative to Suriname Heleena Laakso, who added
that there are "serious challenges ahead", including
privatization of the company. SBBS-president Andre Brahim said
privatization is scheduled to be completed before the end of this year.
The company exports between 60 and 90 40-ft containers' to the
European market each week.