STATE ENTERPRISES’ INVESTMENT PROGRAMME 2014
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SUSTAINING GROWTH, SECURING PROSPERITY
The Agricultural Development Bank of Trinidad
and Tobago Limited (ADB) was established
on January 25, 1968 by the ADB Act Chapter
79:07 to encourage and foster the development
of agriculture, commercial fishing, industries
connected therewith and to mobilise funds for
the purpose of development.
The ADB provides
BUSINESS AND TRADE EXPANSION -NON ENERGY SECTOR
The GORTT is implementing initiatives to diversify the economy and continues to invest in areas
including agriculture, business facilitation, communication technology, electricity distribution,
financial services, tourism stimulation and development, manufacturing, transport and
communication.
AGRICULTURAL DEVELOPMENT BANK OF TRINIDAD AND TOBAGO (ADB)
financial support to the domestic agricultural
sector, in high-risk areas which are not serviced
by other financial institutions.
In an effort to reduce the food import bill, GORTT
agreed that the lending rate to farmers be
reduced to 3-5%. This initiative is geared towards
attracting more farmers to the industry.
NationalAgriculturalMarketingandDevelopment
Corporation (NAMDEVCO) was created by
Act of Parliament No. 16 of 1991, to engage in
the marketing of agricultural produce and the
operation of fish markets. The Corporation also
provides training in agricultural cultivation and
information on credit and support services which
are available to the sector. Training includes land
preparation,greenhousetechnologyandirrigation
techniques to reduce labour requirements and
increase productivity. Additional support is
provided through the provision of seedlings and
market access for final produce.
NATIONAL AGRICULTURAL MARKETING AND DEVELOPMENT CORPORATION
(NAMDEVCO)
ECONOMIC INFRASTRUCTURE
AGRICULTURE
