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Apr 06, 2018 News

In spite of the excitement over oil and gas and its development, the government has not lost sight of the importance of other sectors. This is particularly the case when it comes to agriculture.
In fact, Finance Minister, Winston Jordan recently revealed that a project is being developed to update expertise and technology directly associated with rice production.
He made this known at the 43rd annual meeting of the Islamic Development Bank (IDB) Group in Tunisia.
There, the economist noted that Agriculture continues to be a major contributor to growth and expansion in the economy. In this regard, he expounded that the Government has leveraged the interlocking capacity of the Bank, and is currently in an advanced stage of designing a Reverse-Linkage Project with the Malaysia Agricultural Research and Development Institute (MARDI), which will assist in updating Guyana’s expertise and technology in rice production.
The Finance Minister said that this project will support the introduction of innovative rice varieties that are more resilient and will significantly increase rice yields per acre. On this note, he sought to extend heartfelt thanks to the Bank and the Government of Malaysia for the efforts being made to make this endeavour a success.
The economist expressed, “My Government continues to be proactive in the promotion of non-traditional agricultural products, new technologies and supporting infrastructure, with the ultimate goal of enhancing national production and productivity.”
The Finance Minister said that these efforts will not only ensure national food security, but also, substantially transform the cost structure and competitiveness of the agriculture sector.
With the Bank’s continued support as a financing mechanism and provider of technical expertise, Jordan said that the Government is optimistic of the rice sector’s growth.

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