The Ministry of Finance Planning and Development on January 21 2020, signed the Preparatory Project Advancement Agreement to receive an initial US$3.7 million out of US$40 million for the Fisheries Project with the World bank to revamp the fisheries sector. Madam Glassco however said that there are number of challenges facing the fisheries sector, which NaFAA is addressing. Aquaculture not part of US$40MCommenting on the development of the aquaculture sector, Madam Glassco clarified that the current World Bank money is not intended to develop that particular sector. “The current World Bank loan is not intended to build the capacity of local aquaculture farmers. However, local fishermen, particularly at the West Point Community, appeared not to agree with the mandate from NaFAA regarding the registration fees.

Source: Daily Observer January 27, 2020 02:26 UTC