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Cross-Border Investment
in Support of Agrotourism Linkages
CARICOM DEVELOPMENT FUND
Caribbean Agrotourism Policy Setting W...
The CDF
Established under Article 158 of the Revised Treaty of
Chaguaramas, the CDF is a key policy instrument
geared to m...
• Barbados
• Jamaica
• Trinidad and
Tobago
• Suriname
• Guyana
MDCs
• Antigua and
Barbuda
• Belize
• Dominica
• Grenada
• ...
4
• In each Subvention Cycle, thematic priorities are
determined after consultations with Member States,
and approved by t...
5
• Fund operates in four (4) year cycles,
Currently - second cycle (ends in 2020).
• Financial support provided through L...
PROJECTS:
• The CDF, since commencement of operations has
been offering TA and financial support to productive
sectors of ...
• Objective of VTI is to remove barriers to local
investment, economic development and inclusion, in
developing sustainabl...
VTI cont’d:
 There will be backward linkages to Agritourism
Development with various elements including:
- Culinary festi...
• Youth Agri-Entrepreneurship Project (YAEP)
(Completed)
• Assisted 150 youth in St. Lucia between the ages of
18-35 years...
JimSan Aquaponics Expansion (BZE –Completed)
Beneficiary of CDF loan support via DFC and CDF direct
contribution to farm r...
• Covered structures (BZE- MinAg)
- Assist rural poor to construct at least 30 fabricated
structures for controlled vegeta...
• Rural agricultural infrastructure
development in small scale farming
communities – (GUY – Completed)
- Establish modern ...
18
Country Purpose
Antigua & Barbuda
TA for development of Antigua & Barbuda-
Suriname agriculture cooperation, and
implem...
Intra-Regional Transport
20
• The CDF has approved lines of credit to 5 national
development banks for onlending to SME’s including for
agricultura...
Conclusion:
- CDF is open to playing an expanded role as a
financier of agro-tourism initiatives through
Country Assistanc...
22
Thank
You
Caribbean Agrotourism Policy Setting Workshop: Rodinald Soomer; Cross-Border Investment in Support of Agrotourism Linkages
Caribbean Agrotourism Policy Setting Workshop: Rodinald Soomer; Cross-Border Investment in Support of Agrotourism Linkages
Caribbean Agrotourism Policy Setting Workshop: Rodinald Soomer; Cross-Border Investment in Support of Agrotourism Linkages
Caribbean Agrotourism Policy Setting Workshop: Rodinald Soomer; Cross-Border Investment in Support of Agrotourism Linkages
Caribbean Agrotourism Policy Setting Workshop: Rodinald Soomer; Cross-Border Investment in Support of Agrotourism Linkages
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Caribbean Agrotourism Policy Setting Workshop: Rodinald Soomer; Cross-Border Investment in Support of Agrotourism Linkages

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The development of productive and fully integrated linkages between the Agri-Food Sector and Tourism in the Caribbean Region offers significant potential for repositioning and broad-based growth in the Agriculture value chain, and opportunities for channelling the Region’s diversity and building-in genuine competitiveness and sustainability in the tourism product.

Forging Agriculture-Tourism linkages capitalizes on the inherent ability of the Tourism sector to diversify the Caribbean economy, stimulate entrepreneurship, catalyse investment and assist in wider social development in local communities. Such linkages offer unprecedented  opportunities to stem and reverse the declines in traditional agriculture, stimulate the rapid growth in “new‟ agriculture and build resilience and sustainability of Caribbean economies. The latter is particularly critical for reducing the high levels of foreign exchange leakage in tourism, preserving cultural identity, reducing poverty in local communities and enhancing local awareness and good practices with respect to climate change and environmental issues.

Goal: To provide a mechanism for managing and increasing the local and regional development impact of Tourism and Agriculture through the creation of a collaborative and inclusive planning and implementation framework that can drive trade and new business between the two sectors.

Objectives

·         To promote linkages between the agrifood sector and the tourism industry to increase sustainable sourcing through the strengthening of agritourism policy and strategy in the Caribbean
·         To increase the understanding and awareness of the current deficiencies in the supply of fresh and processed agricultural products along the value chain and the actions needed
·         To design inter-sectoral and inclusive policies which promote PPPs for improved local food use and consumption.
·         To identify concrete regional projects that can be supported under the intra ACP EU funding.

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Caribbean Agrotourism Policy Setting Workshop: Rodinald Soomer; Cross-Border Investment in Support of Agrotourism Linkages

  1. 1. Cross-Border Investment in Support of Agrotourism Linkages CARICOM DEVELOPMENT FUND Caribbean Agrotourism Policy Setting Workshop Strengthening the Regional Agrifood Sector to Service Tourism Demand and Promoting Authentic Tourism Offerings in Rural Communities
  2. 2. The CDF Established under Article 158 of the Revised Treaty of Chaguaramas, the CDF is a key policy instrument geared to mitigate socio-economic disparities among and dislocations within Member States, arising from their participation in the CARICOM Single Market and Economy (CSME). Mandate To provide technical and financial assistance to Disadvantaged Countries, Regions and Sectors. 2
  3. 3. • Barbados • Jamaica • Trinidad and Tobago • Suriname • Guyana MDCs • Antigua and Barbuda • Belize • Dominica • Grenada • Saint Lucia • St Kitts and Nevis • St Vincent and the Grenadines LDCs 3 Membership of the CDF
  4. 4. 4 • In each Subvention Cycle, thematic priorities are determined after consultations with Member States, and approved by the Community. • Member States’ Contributions are determined every Subvention Cycle (Contribution formula). • Collaboratively, Country Assistance Programmes (CAPs) are designed to position disadvantaged countries, regions and sectors to maximize the benefits of the CSME. CDF Funding
  5. 5. 5 • Fund operates in four (4) year cycles, Currently - second cycle (ends in 2020). • Financial support provided through Loans & Grants, and TA (as mandated). • Eligibility restricted to CDF Member States which have paid in contributions (‘pay to play’ principle). • MDCs & LDCs contributions, along with development partners’ support, fund each Cycle’s programmes. CDF Funding
  6. 6. PROJECTS: • The CDF, since commencement of operations has been offering TA and financial support to productive sectors of LDCs including for agriculture and tourism development. • CDF funded projects with agro-tourism elements: - Village Tourism Initiative - VTI (SLU – Ongoing) TA approved to develop a roadmap and provide inter alia business development support to SMEs.
  7. 7. • Objective of VTI is to remove barriers to local investment, economic development and inclusion, in developing sustainable village-based tourism activities that showcase the socio-cultural authenticity of host communities • Villages will be elevated to tourism destinations, each highlighting a unique aspect of the island’s arts, culture, and heritage • The main focus will be on promotion and active facilitation of local ownership of community-based Accommodation, Restaurant and Bar facilities providing authentic experiences that would in turn generate demand for locally-produced products and services.
  8. 8. VTI cont’d:  There will be backward linkages to Agritourism Development with various elements including: - Culinary festivals - ‘farm-to- table experiences’ for cruise and day visitors. - Promotion of traditional or creative Caribbean recipes; food processing. - Farm tours, including cooking demos and U-Pick experiences - Training farmers in sustainable agriculture, using organic and low-input technologies to supply high end resorts
  9. 9. • Youth Agri-Entrepreneurship Project (YAEP) (Completed) • Assisted 150 youth in St. Lucia between the ages of 18-35 years with technical and financial support to establish agricultural enterprises. • Provided a grant to set up a revolving facility with the national development bank for access to working capital for agricultural enterprises • Project designed originally to Strengthen linkages between tourism and agriculture (changes in scope & other issues affected this outcome). Evaluation forthcoming.
  10. 10. JimSan Aquaponics Expansion (BZE –Completed) Beneficiary of CDF loan support via DFC and CDF direct contribution to farm rehabilitation & incorporation of Renewable Energy  Integrated vegetable and tilapia operation – Organized tours to observe organic soil-less operation.  Severely impacted by Hurricane Earl in August 2016. Operations restarted focusing on production of high- priced vegetables (kale, romaine lettuce etc.)in 2018.  Since recommencement, little focus on tours or training.
  11. 11. • Covered structures (BZE- MinAg) - Assist rural poor to construct at least 30 fabricated structures for controlled vegetable production, plus water harvesting and distribution systems. • Honey Revitalization (BZE- MinAg) - Support for employment creation among disadvantaged youth and rural women to expand honey production. - Address shortfalls experienced by Hotels and other large users of honey - (contraband, adulterated honey are key problems in BZE)
  12. 12. • Rural agricultural infrastructure development in small scale farming communities – (GUY – Completed) - Establish modern and efficient drainage and irrigation systems - Water conservation to address drought conditions and flood control in farming communities during storm events, to achieve consistency in production (quality and quantity).
  13. 13. 18 Country Purpose Antigua & Barbuda TA for development of Antigua & Barbuda- Suriname agriculture cooperation, and implementation of priority elements. Dominica Refurbished and equipped 2 fresh food packhouses to enhance agricultural exports; enhanced capabilities of national standards body to test and certify agricultural products to meet export quality requirements. St. Kitts & Nevis Water treatment, Irrigation system installation and other farm equipment procurement for farmers at Indian Castle. Other Projects in Agriculture with Potential Links to Tourism
  14. 14. Intra-Regional Transport
  15. 15. 20 • The CDF has approved lines of credit to 5 national development banks for onlending to SME’s including for agricultural and tourism activities, accounting on average for over 35% of loan portfolios. • Development banks indicated very low uptake by clients of resources for agriculture-tourism ventures. Potential needs to be exploited. • Revolving funds to provide sustained financing for SMEs – e.g. St. Lucia and Belize Development Banks as Conduits for support to Agriculture and Tourism.
  16. 16. Conclusion: - CDF is open to playing an expanded role as a financier of agro-tourism initiatives through Country Assistance Programmes (CAPs) and regional initiatives. - We are keen to collaborate with other regional agencies and external partners in the process.
  17. 17. 22 Thank You

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