Livestock
Development Fund
The Livestock Development Fund is
jointly financed by contributions from the Government of
Barbados and the Commission of European Communities out of its
European Development Fund (EDF) resources. It is intended to
foster the development of the livestock industry in Barbados
through the provision of special financing facilities for small
livestock farmers and/or feed producers.
The Livestock Development Project
(LDP) aims to reduce Barbados' dependence on imported meat and
meat products by increasing the production of beef, lamb and
pork with the intention of achieving self-sufficiency and
improving, in the process, the incomes of small livestock
farmers. The fund facilitates the achievement of these goals by
providing relatively low cost finance with limited credit
guarantees.
The Fund channels credit through
commercial banks and the Barbados Agricultural Society (BAS) to
livestock farmers and feed producers. It is administered by the
Industrial Credit Fund (ICF) of the Central Bank of Barbados.
Under this facility, commercial banks can provide credit to the
livestock farmers and then request reimbursement from the line
of credit. The BAS requests disbursements once it has a pipeline
of approved projects.
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