National Consultation on the Banana Accompanying Measures
A number of stakeholders in the agricultural sector will gather at the Fort Young Hotel today, Tuesday, 7th February, 2012. They will be joined by representatives from the NGO community, the private sector and other development and export agencies in Dominica to discuss the country’s proposal for implementing the Banana Accompanying Measures (BAM).
The meeting is being convened under the auspices of the Office of the National Authorising Officer and the Ministry of Agriculture and Forestry. For about one year, these two Government entities have been engaged in discussion with various local interest groups and with the Delegation of European Union in Barbados on the programming of the BAM.
The Banana Accompanying Measures (BAM) is the proposed form of additional development assistance by the European Commission, intended to support ten selected banana-exporting countries, in their adjustment to new market conditions.
The ten countries which are eligible for BAM support, based on the level of banana exports are Belize, Dominica, Dominican Republic, Jamaica, St. Lucia, St. Vincent and the Grenadines, and Suriname (in the Caribbean), as well as Cameroon, Côte d'Ivoire and Ghana in Africa.
The Banana Accompanying Measures are envisaged to support adaptation processes with a budget of EUR 190 million, with annual allocations and primary commitments spanning over 2 years (2012 – 2013) instead of 4 as initially foreseen. No additional financial assistance specifically for bananas should be expected beyond 2013.
Preliminary figures show that the Commonwealth of Dominica has an indicative financial allocation under the BAM of between 14 and 15.5 million Euros.
The result of the discussions with the local interests and the Delegation has been the preparation of Dominica’s National Adaptation Strategy for this instrument of EU assistance. The preparation of this document was guided by Government’s priorities for the agricultural sector, as described in the Growth and Social Protection Strategy (GSPS) which is to: “catalyse the agricultural sector to be a larger part of the economy by increasing the viability (productivity, competitiveness and profitability) of production and export”.
The consultation will seek to:
- Inform key stakeholders on the current status of the agriculture sector, related programmes and other donor activities
- Report on investments previously made in the agricultural sector, particularly with EU funds
- Identify current needs/priorities of the agricultural sector
- Propose suitable interventions for the BAM, within the context of the National Adaptation Strategy.
For further information about the Banana Accompanying Measures, please contact:
- The Ministry of Agriculture and Forestry or
- The Office of the National Authorising Officer