BRICS Countries Finance FAO Livestock Project in Saint Lucia

Brazil, India and South Africa are helping to launch a major livestock development program in the Caribbean Island of Saint Lucia, which should boost food security and empower farmers. The government of Saint Lucia sees the South-South solidarity project as one of the keys to poverty reduction. It could reduce the island’s food imports bill, boost employment and improve people’s health, say some residents. The project is being implemented by the Food and Agriculture Organization of the United Nations. Alison Kentish reports from Saint Lucia for teleSUR.

Source:  TeleSUR…

One thought on “BRICS Countries Finance FAO Livestock Project in Saint Lucia

  1. The BRICS’ decision to finance a lifestock project in St. Lucia, a CARICOM country, is not only encouraging as a South-South economic strategy but it is also a signal of the potential that exists for cooperation and integration between the economies of CARICOM and the BRICS.

    To the extent that the political leaders who manage CARICOM and the BRICS are committed to the sovereign and independent development of their countries, the financing of the lifestock project in St. Lucia has the potential to forge the required internal and external bonds between both blocks of countries to ensure their long term growth and development as sovereign nations.

    The multiplier effects of financing this lifestock project in a small economy like that of St. Lucia should be measured not only in terms of the output, jobs and exports within the lifestock sector but the output, employment and other economic impacts of other sectors that supply inputs such as feeds, finance, machinery, transportation of poultry cattle, spare parts etc to the livestock sector. The latter if done properly will not only foster what development economists call the backward-forward linkages within the economy of St. Lucia but it also has the potential to foster similar development linkages within other CARICOM countries that may become suppliers of some of the inputs cited above for St. Lucia’s livestock industry.

    Furthermore, the BRICS nations as the financiers will probably require that firms within their economies whether Brazil, Russia, India, China or South Africa gain benefits as suppliers of inputs such as machinery, machinery parts, chicken and cattle feeds among others as well. Thus not only will firms in St. Lucia and other CARICOM countries potentially benefit from the lifestock project but firms from the BRICS countries will potentially also benefit.

    Consequently, it is reasonable to argue that projects like the lifestock one in St. Lucia may boost and deepen the integration of the markets and economies not only of St.Lucia and the BRICS but also between the nations of CARICOM and BRICS.

    Thus projects like the BRICS funding of lifestock in St. Lucia and hopefully many more to come in the future such as infrastructure facilities such as schools, bridges, roads, hospitals, and factories so badly needed in CARICOM countries will only stimulate more cooperation and integration between CARICOM and BRICS nations over time.

    Time will be our guide as to how the potential of the BRICS to impact growth, integration and development in the CARICOM and within the BRICS themselves unfold. The success of the lifestock project in St. Lucia as a CARICOM nation will probably act as a barometer for the future potential of the likely effects of the BRICS on CARICOM’s economy and vice versa in fostering domestic industries that create jobs, increase output, increase exports and particularly reduce imports especially those that can be produced within either blocs.

    I believe that Nelson Mandela captures the essence of the CARICOM-BRICS potential when he said; “It is impossible until it’s done.”

Leave a comment

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s