Fresh cash for Dominican banana sector

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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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