Barbados gov’t moving to export sugar to regional countries

The Trinidad-based Ansa Merchant Bank (AMB) is providing funds to the Barbados government for a multi-purpose sugar factor as Bridgetown signalled its intention of becoming a major supplier of sugar to the Caribbean.

Agriculture Minister Dr David Estwick, addressing supporters of the St James South branch of the ruling Democratic Labour Party (DLP), said Cabinet had approved the financing for the project at its January 8 meeting.

Media reports indicate that the AMB could provide as much as BDS$60 million (One BDS dollar =US$0.50 cents) in financing for disbursement to the farmers to increase cane production and to satisfy the start-up operations of the proposed multi-purpose factory in time for the 2017 crop season.

Read more at Jamaica Observer