Fresh cash for Dominican banana sector

The international marketing magazine for fresh produce buyers in Europe
Kathy Hammond

BY KATHY HAMMOND

Fresh cash for Dominican banana sector

Dominican Republic's banana industry receives boost in the shape of €47m-worth of funding

Fresh cash for Dominican banana sector

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The European Union and Inter-American Development Bank have set up a fund of US$60m (€47m) to boost the competitiveness of the banana sector in the Dominican Republic.

The fund was announced last week by Dominican foreign minister Carlos Morales Troncoso at a meeting with representatives from the country’s banana producers’ association Adobanano.

This new fund is in addition to US$25m (€19.6m) assigned to the sector by the EU recently. The Dominican Republic is the third largest exporter of bananas to the EU.

 

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