July 14, 2015 23:02
(Independent) .. working of the European Investment Bank (EIB) to keep up with the renewed global attention to agriculture, to intensify its cooperation with the United Nations Food and Agriculture Organization (FAO) in an effort to expand investment and deepen in the agriculture sector in countries that do not belong to the European Union.
The two sides signed today a memorandum of understanding last five years and aims to strengthen the investment operations in the field of agriculture, and the development of value chains and the private sector so as to promote the priorities of the European Investment Bank and the strategic objectives of the organization, "the FAO."
The agreement, which was announced on the sidelines of the Third International Conference on Financing for Development in Addis Ababa, as the participation of the European Investment Bank in the agro-industrial sector, while representing for an organization, "FAW" partnership with one of the largest international financial institutions.
Said Jose Graziano da Silva, Director General of the Organization "FAO", that "this is a historic opportunity for both sides, in order to combine technical knowledge and financial ability of both and the involvement of private investors and the public in the goal of eradication of hunger," noting that ensure adequate supply Food at the global level to meet the needs of the growing population ... and make agri-food systems context for higher sustainability are goals that require huge investments in developing countries.
For his part, Vice President of the European Investment Bank Pim van Balecom, that "agriculture and agro-industries are the key sectors affecting development, where it will remain the pillars of life and livelihood and social stability, as well as being also a cornerstone of projects local business, jobs, growth in many countries all over the world. If we can combine the field experience of the Organization "FAO" and knowledge with our investment and technical expertise to inject funding urgently needed to better food supplies for the benefit of the business, so why not do it? ".
While the organization and the European Investment Bank collaborated previously through known as "EastAgri" information exchange platforms, would today's agreement to intensify cooperation in the stages of analysis, planning and implementation of investment operations.
The "FAW" expertise in investment and formulating policies of investment projects, as well as the European Investment Bank's ability to access international capital markets and his proficiency in creating a solid investment operations ... a natural complement to each other.
Early focus on Europe's neighbors, the Group of Caribbean, Africa and the Pacific
At the outset, it will be looking to cooperate toward the neighboring countries to the east and south of the European Union, and the Caribbean, Africa and Pacific group (ACP); and likely to be early initiatives focused on investment support in Georgia and Ukraine, and take advantage of available credit lines currently on the part of the European Investment Bank.
The ECB actually goes on today under the umbrella group the Caribbean, Africa and Pacific countries, with the support of small and medium enterprises development in the agro-industrial sector. In recent times, a group Caribbean, Africa and Pacific countries signed a memorandum of understanding with the Organization "FAO", pledge cooperation to promote private sector support for smallholder owners and the overall agricultural value chains.
And stands a large number of 79 members in the group and the Africa Caribbean and Pacific countries, the state is particularly vulnerable to climate change, making this a priority consideration for both the organization "FAW" European Bank. It will be planning for the implementation of interventions by the two bodies in the agricultural sector of the countries of the group, based on these common priority.
Others include the European Investment Bank priorities four key areas for investment ... in the promotion of innovation and skills, and to take measures in the field of climate, and improve strategic infrastructure, and the promotion of access to financing for small businesses.
Recently, the European Bank also agreed to mobilize support towards small farmers and local initiatives in favor of supply chains and smaller income in order to strengthen the resources in rural areas.
In the past year, monitoring the European Investment Bank 77 billion euros as the value of its investments, making it the largest multilateral lender in the world financial body in terms of size. And it allocates about 10 per cent of the loans offered by the Bank, to invest outside the current membership of the European Union amounting to 28 countries; and where agriculture tends to occupy a more important site constantly internationally as a new priority.
And on the same level, investments "FAO" since 1964 it has helped to mobilize $ 110 billion in agricultural development, service, and support more than 2,000 projects in 170 countries ranks.
The European Investment Bank (EIB) is the long-term lending institution of the European Union, owned by the EU member countries.
This body shall provide long-term financing sound investment in order to contribute to the attainment of the objectives contained in EU policies.
International body, the Organization "FAO" includes 194 member countries and associate members and one member organization is the European Union.
And dealing with the organization to respond to the demands imposed by the world's major trends in the field of agricultural development and challenges faced by member countries.
[You must be registered and logged in to see this link.]