Industrial Management and Market

RESOURCES MADE AVAILABLE BY AID LOAN AND $2MILLION MEMBER CONTRIBUTION WILL ALLOW THIS ENTREPRENEURIAL INVESTMENT CORPORATION TO PROMOTE AND IMPLEMENT AGRIBUSINESS ENTERPRISES IN THE CARIBBEAN AND LATIN AMERICAN NORTH COAST AREAS. THESE ACTIVITIES WILL PRODUCE INCREASES IN VALUE ADDED AND FOREIGN EXCHANGE EARNINGS, BENEFIT RURAL POOR THROUGH PURCHASES OF SMALL FARMER PRODUCE AND OTHER RURAL EMPLOYMENT SCHEMES AND EMPHASIZE ELIMINATION OF BOTTLENECTS IN THE INTEGRATED FARM TO MARKET SYSTEM. 40 SUB-PROJECTS, LARGELY COMPRISING FOOD MARKETING PRODUCTION, PACKAGING AND STORAGE, WILL BE FINANCED DURING 3 YEAR LOAN DISBURSEMENT PERIOD; NUMBER WILL RISE TO 120 BY END OF PROJECT. SIMILARLY, NUMBER OF JOBS CREATED EXPECTED TO RISE FROM 5800 DURING 1ST ROUND OF PROJECT TO 1700 BY PROJECT END. LAAD/CARIBE"S PROJECTS WILL STRENGTHEN THE MARKET OUTLET FOR THE PRODUCTS OF SMALL FARMERS AND WILL ENCOURAGE FARMERS TO MOVE FROM TRADITIONAL TO CASH CROPS. LAAD/CARIBE INVESTMENTS WILL ALSO DEVELOP RURAL AGROINDUSTRIES SUCH AS SEEDS AND FLORAL PRODUCTS. IN ADDITION TO FUNDING, LAAD/CARIBE WILL PROVIDE TECHNICAL, MARKETING, PROMOTIONAL AND MANAGEMENT ASSISTANCE. LAAD/CARIBE WILL PARTICIPATE IN MANAGEMENT FUNDINGS OF COMPANIES IT FUNDS AND WILL REPORT ON ALL ACTIVITIES TO AID/W (LA/DR) WHICH IS ASSIGNED RESPONSIBILITY FOR ALL AID AND NON AID FINANCIAL LAAD/CARIBE PROJECTS.