The Caribbean Agricultural Research and Development Institute (CARDI) and the CARICOM Development Fund (CDF) have signed a Memorandum of Understanding (MOU) that will allow both agencies to collaborate in and facilitate the implementation of activities geared towards reducing disparities between Member States participating in the CARICOM Single Market and Economy (CSME) generally and in the sphere of agriculture sector related activities in particular.
The primary areas of cooperation under the MOU for both agencies are:
I. Sharing of knowledge, expertise and technology via mechanisms such as technical assistance provision, internships and similar initiatives; and
II. Building and/or augmenting capacity in the Preparation, Implementation, Monitoring and Evaluation of agriculture sector programmes and projects supported by the CDF within the CSME.
Through this collaboration, the two agencies will seek to foster enhanced access to finance, technical assistance, training and the capacity building required to support agriculture sector research and development and entrepreneurship in the Caribbean region.
The CDF was launched in 2008 and is a key developmental mechanism in the architecture of the CSME and is committed to achieving its vision to lead in providing effective, efficient and sustainable solutions that address the challenges faced by disadvantaged countries, regions and sectors participating in the CSME.