Fishermen remove a crab from a net near the Fort Kochi Chinese fishing nets in Cochin, Kerala, India, on Friday, May 29, 2015. UBS Group AG says India has room for the deepest interest-rate cuts in seven years as the government’s food policies outweigh a potentially weak monsoon. Photographer: Dhiraj Singh/Bloomberg
International organisation WorldFish will run a support program funded by Norway to develop the fisheries sector in East Timor, under an agreement signed with the Timorese Ministry of Agriculture and Fisheries.
Over the next two years WorldFish will run the first phase of a program costing an estimated USD1.2 million financed by Norway.
The program is considered by the Timorese government to be an “important step in the improvement of information on fisheries, exploration of the country’s fishing potential and the development of a fishing strategy for Timor-Leste.”
Later on there will be additional investment in the project, which was signed by Henning Johansen of the Norwegian embassy and by Marcos da Cruz, Deputy Minister of Agriculture and Fisheries.
WorldFish, headquartered in the state of Penang, Malaysia and established in 1975, works in Africa, Asia and the Pacific on more than 160 projects to combat poverty and hunger through fisheries and aquaculture. MDT/Macauhub
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