Ministry of Agriculture and DFC signs Technical Partnership to better serve and provide financing to farmers

Ministry of Agriculture and DFC Signing

September 20, 2021

The Ministry of Agriculture, Food Security and Enterprise (MoA) and the Development Finance Corporation (DFC) today signed a Technical Partnership Agreement (TPA) enabling the two institutions to more effectively share knowledge, information, expertise, and support the efficient provision of financing to Belizean farmers and MSMEs.

Signing on behalf of the Ministry of Agriculture was Chief Executive Officer, Servulo Baeza, and on behalf of the DFC, General Manager, Mrs. Natalie Ewing-Goff.

The TPA covers several areas such as information sharing, collaboration, and networking; training and capacity building of both DFC and MoA Officers in areas including climate-smart agriculture, agriculture production systems, financial management, and basic accounting that will enable Officers to provide better services to the farmers. Also, the DFC will work to develop and provide specialized financial products and services tailored to the needs of small farmers and producers, including MSMEs in the Agricultural sector.

Speaking on the need of this partnership, Minister of Agriculture, Food Security and Enterprise, Honorable Jose Mai stated, “This Technical Partnership Agreement is indeed fleshing out of my Government’s Plan Belize promise, where it is clear in one of the eleven action points of the Agriculture Policy that we will seek affordable financing for our farmers. This is the living out of that promise. I thank the Development Finance Corporation for partnering with the Ministry in the push for progress and development.”

Mrs. Goff shared, “This TPA is not only timely but a giant step towards sustainable development in Belize. Armed with pertinent and technical information, and support from sector experts, DFC can better design products and services that are relevant to the immediate and emerging needs within the sector; which, like our citrus product, will facilitate the capital and short term investments, needed to build back smarter.” She closed by stating, “The recovery and sustainable development of this nation, on the 40th anniversary of our independence, is in our hands.”