Honduras Holds
Petrocaribe Agriculture
Summit
Honduras is the venue on
Wednesday for the 1st
Agriculture Ministerial
Summit of Petrocaribe,
held to determine how
member states will
benefit from a fund
created with the sale of
Venezuelan oil.
The Council of Ministers
of Agriculture, body
created to run the
budget recovered from
each barrel exported
outside the cooperation
agreements and sold at
more than $100, will be
made official during the
summit.
The resources will
finance food initiatives
to counteract social
problems in
Petrocaribe's member
states.
Honduras is submitting
projects of irrigation,
agriculture research,
agricultural supplies,
fertilizers and improved
seeds production,
machinery and production
equipment, drying and
storage, lab
installation and rural
funding.
The 1st Agriculture
Ministerial Summit
answers to the
initiative approved
during the 5th
Extraordinary
Petrocaribe Ministerial
Conference held in
Maracaibo, Venezuela, in
July 13, 2008.
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