Home Tags Bahamas News
Tag: Bahamas News
The Inter-American Institute for Cooperation on Agriculture (IICA) is focusing its technical cooperation actions on supporting the efforts of countries in the Americas to guarantee food security, agricultural sustainability and the resilience of rural communities. The Director General of IICA, Manuel Otero, has resolved that, in light of the global emergency triggered by the coronavirus, IICA’s five strategic programs (Bioeconomy and Production Development; Territorial Development and Family Farming; International Trade and Regional Integration; Climate Change, Natural Resources and Production Risks; and Agricultural Health, Food Safety and Quality) should devote all their efforts to mitigating the current and future impact of the coronavirus on the agriculture sector in Latin America and the Caribbean (LAC).
Manuel Otero, Director General of the Inter-American Institute for Cooperation on Agriculture (IICA), sent a message to the technical staff and specialists of the specialized agency in agricultural and rural development that operates in 35 countries of the Americas and in Spain. He urged them to maintain high standards in their daily efforts to deliver effective and innovative technical cooperation to member countries. Otero argued that the current global emergency triggered by the Coronavirus pandemic, “makes it imperative that we deliver more effective and first-class technical cooperation”, as “the welfare and food security of our people are at stake”. The Director General of the Inter-American agency expressed concern at the slowing down of trade, indicating that this “may endanger people’s ability to fully exercise their right to food, especially in countries with an extremely high agricultural trade deficit”. He was also apprehensive about the immediate future of countries with economies that are excessively dependent on one sector, such as tourism, petroleum or agricultural raw materials, suggesting that diversification would provide a “long-term, structural antidote”.
A newly released research study is shedding more light on the Nassau grouper in hopes of helping the nation meet its conservation goals for a critically endangered species that is as important to the economy as it is to ecology. The research, led by a Bahamian marine scientist, was published in the latest edition of Frontiers in Marine Science. “Grouper is really important for us in The Bahamas through the value it provides for fisheries, food security and in maintaining healthy marine ecosystems.
The Bahamas Development Bank is working with the government and other agencies to deliver immediate relief to businesses impacted by the COVID-19 pandemic. At this time, a three- month deferral against repayment of credit facilities will be offered to existing clients in good standing with The Bank who have been negatively impacted by the pandemic. While we anticipate payments to resume with accrued interest by the end of June 2020, we recognize that significant uncertainty exists regarding the duration of measures to ensure health and safety. The leniency period will therefore be examined on a case by case basis. Clients who are experiencing reductions in cash flow that may impede the ability to make payments are encouraged to call BDB at 727-2202 or email firstname.lastname@example.org to discuss their accounts as soon as possible.