ADB’s at Run for Food 5K 2019
Massy Stores, in partnership with the World Food Day National Committee of Trinidad and Tobago (WFDNCTT) of the Ministry of Agriculture, Land and Fisheries hosted its third annual “Run for Food 5K” event on Saturday April 6th, 2019, at the Queen’s Park Savannah. With its 2018- 2019 theme: Our Actions are our Future – A Zero Hunger World by 2030 , the highly successful “Run For Food 5K” was aimed at raising awareness of food sustainability and to promote local farmers and manufactures. In addition, the event supported benefits of a healthy lifestyle and the links to home-grown produce. ADB was present to lend support via an information booth along with its Mobile Banking Unit to meet with potential and existing customers, while taking the opportunity to promote its product and service offerings. Congratulations to all winners and participants of “Run for Food” 2019!
ADB at UWI’s techAgri Expo for third consecutive year
UWI’s Faculty of Food and Agriculture (FFA) hosted its third techAgri Expo which aimed to engage students with a passion for science and food production; through its 2019 theme Technology, Innovation and Entrepreneurship. Over 100 booths featured the latest innovations in agricultural and scientific technology, as well as livestock and locally grown produce. Guided tours were given to patrons to various parts of the Faculty, including the Herbarium’s “Jungle Talk” on seeds and beads, along with mini workshops, a local food village and a mini zoo. In addition to basic techniques for food production, students from primary and secondary schools accompanied by teachers, also gained valuable insight into the lucrative agriculture industry from the Agricultural Development Bank, which sought to provide new and creative ways to market the goods and encouraging them to pursue careers and/or hobbies in agriculture. ADB was a proud sponsor at this three day expo, which was held at the Main Administration Building West Field from March 29th to the 31st, 2019. The techAgri exhibition was deemed a success, broadening the reach of the many aspects of agriculture, and enriching the public with knowledge of what the Bank can provide to the sector.
New Fishing Loan Product – ‘Sea to Shore’ launched by the ADB
In December, 2018 the Agricultural Development Bank (ADB) launched its new Fishing Loan Product in Tobago. The product is branded as the ‘Sea to Shore’ facility with the tag line ‘Funding Fisherfolk Responsibly’. The Honourable Chief Secretary of the Tobago House of Assembly (THA), Mr. Kelvin Charles, delivered the feature address at the event. The ‘Sea to Shore’ loan facility provides support to fisherfolk in the artisanal fishing sector, while ensuring alignment with national objectives for the management, conservation and sustainable use ofTrinidad and Tobago’s fisheries resources. Thee loan further promotes and encourages the adoption of sustainable fishing practices, sustainable fishing gear and the practice of safety at sea. In his address, the Chairman of the ADB, Mr. Winston Rudder, indicated that the facility was part of the Bank’s strategic initiatives to satisfy the needs of its clients inclusive of fisherfolks while addressing the issue of Food and Nutrition security. The Chief Executive Officer, Mr. Sheivan Ramnath, in his remarks emphasized the importance of the fishing industry towards agriculture’s GDP and the critical role it plays in terms of the socio economic development of our twin island. The ADB has historically financed the Fishing Sector through tailored loans accessed under its flagship loan product, the New Reality Loan. However, the option to offer a loan product specifically targeting the artisanal inshore fishing sub-sector and value chain was explored and found to be feasible, thus stimulating the introduction of this new loan product – ‘Sea to Shore’.