{"id":21656,"date":"2024-08-08T00:46:57","date_gmt":"2024-08-08T00:46:57","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=21656"},"modified":"2024-08-08T00:47:28","modified_gmt":"2024-08-08T00:47:28","slug":"launch-of-regional-economic-agri-insurance-programme-reap-marks-major-agricultural-milestone","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/launch-of-regional-economic-agri-insurance-programme-reap-marks-major-agricultural-milestone\/","title":{"rendered":"Launch of Regional Economic Agri-Insurance Programme (REAP) Marks Major Agricultural Milestone"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p>The Regional Economic Agri-Insurance Programme (REAP) has officially launched, representing a pivotal advancement in agricultural insurance for the region. <\/p>\n\n\n\n<p>President Irfaan Ali hailed the initiative as a significant milestone for the Caribbean, emphasizing its importance for sustainable and resilient food production.<\/p>\n\n\n\n<p>For decades, the absence of crop insurance has hindered investment in the agricultural sector, which is vital for ensuring food security amidst the challenges posed by climate change. <\/p>\n\n\n\n<p>The REAP, spearheaded by Lynch Caribbean Brokers, marks the fruition of years of advocacy and technical work, including initiatives dating back to the Jagdeo era.<\/p>\n\n\n\n<p>President Ali underscored the importance of this financial instrument in supporting farmers, stressing the need to make it accessible and affordable to avoid placing a financial burden on them. <\/p>\n\n\n\n<p>&#8220;This financial tool has been long overdue for our farmers, and we must support it in a way that makes it affordable and practical,&#8221; he stated.<\/p>\n\n\n\n<p>The REAP initiative is being rolled out in six Caricom countries: Guyana, Barbados, Dominica, St. Lucia, St. Kitts and Nevis, and St. Vincent and the Grenadines. <\/p>\n\n\n\n<p>This private-sector driven program aims to enhance food production resilience and reduce the region&#8217;s food import bill.<\/p>\n\n\n\n<p>CARICOM Assistant Secretary-General Joseph Cox encouraged other member states to adopt and support the programme. <\/p>\n\n\n\n<p>&#8220;Agricultural insurance programmes are crucial for expanding food production and achieving our targets,&#8221; Cox remarked.<\/p>\n\n\n\n<p>The launch of REAP represents a critical step forward in addressing the agricultural sector&#8217;s needs and fortifying the region&#8217;s food security.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Regional Economic Agri-Insurance Programme (REAP) has officially launched, representing a pivotal advancement in agricultural insurance for the region. President Irfaan Ali hailed the initiative as a significant milestone for&hellip;<\/p>\n","protected":false},"author":4,"featured_media":21657,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[365,366,362,350],"tags":[],"class_list":["post-21656","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-human-development","category-local-development","category-low-carbon-development","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/21656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/comments?post=21656"}],"version-history":[{"count":1,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/21656\/revisions"}],"predecessor-version":[{"id":21658,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/21656\/revisions\/21658"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/21657"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=21656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=21656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=21656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}