The EU and Inter-American Development Bank have set up a fund of $60 million to boost the competitiveness of the banana sector in the Dominican Republic.
The fund was announced last week by Dominican foreign minister Carlos Morales Troncoso at a meeting with representatives from the country’s banana producers’ association Adobanano.
This new fund is in addition to $25m assigned to the sector by the EU recently. The Dominican Republic is the third largest exporter of bananas to the EU.
