Financing innovation for sustainable fisheries with the private sector

The Food and Agriculture Organization of the United Nations (FAO) and the Asia and Pacific Rural and Agricultural Credit Association (APRACA), in cooperation with the Thai Bank for Agriculture and Agricultural Cooperatives (BAAC) have recently implemented a project “Financing innovation for sustainable fisheries with the private sector”.

The project aims at supporting fishing businesses in Thailand to access the right financial services and enabling them to innovate.

BAAC implements projects to promote innovation and financing for sustainable fisheries with the private sector in Thailand. It is one of the specialized banking institutions in Thailand with both a strong urban and rural presence that facilitates the government’s implementation of economic and development policies and programmes. BAAC has implemented a  project to develop financial products to support small-scale fishers in Thailand for using appropriate technology, fishing gear usage for enhancing sustainable fisheries in Thailand. BAAC has designed and developed a loan product and is currently providing services, through a specialized credit process to enhance liquidity for fisheries entrepreneurs. BAAC has further developed training material for capacity building of BAAC staff and other financial service providers with the aim of increasing technical capacity for the provision of loan services to small-scale fishers.

The seminar will also feature a guest talk by invitation from the Philippine’s Agricultural Credit Policy Council (ACPC) about their experience with trying to enhance financial service provision for SSF.

To register please visit: https://www.rfilc.org/events/financing-innovation-for-sustainable-fisheries-with-the/