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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.
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Title Annotation:SURINAME
Comment:EU aid for banana sector.(banana sector receiving 1.3 million euros subsidy in a contract with the European Union )
Publication:Caribbean Update
Article Type:Brief article
Geographic Code:3SURI
Date:May 1, 2008
Words:143
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