EBRD to play key role in support of Ukraine, President says
11.05.2022 14:31 "Agro Perspectiva" (Kyiv) —
EBRD rises to the many challenges faced by its regions War to shape Bank’s activity for years to come, President Renaud-Basso says Addresses EBRD’s 2022 Annual Meeting and Business Forum in Morocco Praise for size of Bank’s green investments and profits in 2021 The European Bank for Reconstruction and Development (EBRD) is fully mobilised to overcome the challenges created by the war on Ukraine, President Odile Renaud-Basso said today. Addressing the Board of Governors’ Opening Session at the EBRD’s 2022 Annual Meeting and Business Forum, Ms Renaud-Basso predicted that the war ‘will affect every EBRD region…by increasing energy and food prices, undermining energy and food security, increasing inflation, and weakening growth’. The EBRD’s response to Russia’s invasion, which has already included an initial EUR2 billion Resilience and Livelihoods Package to help Ukraine and other countries affected by the war and the deployment of the full range of instruments to counteract its impact, was the right one, she said. ‘Time after time, the EBRD has shown its true character during a crisis,’ she told the event, held this year in Marrakech. ‘And we’re demonstrating that character again today.’ Focusing on the support for Ukraine, President Renaud-Basso said: ‘We’ve continued to disburse, and have increased our Trade Facilitation Programme limits, in part to boost global food security. ‘We’ve proposed reallocating donor resources to help with the crisis. ‘We repurposed existing projects to provide liquidity to clients in Ukraine. ‘And with the support of our donors and shareholders, we will be able to do much more to keep the Ukrainian economy afloat, focusing on the private sector, and key infrastructure.’ The EBRD support is complementary to funding from other international organisations focusing on budgetary support to Ukraine’s government. Over the entire three decades of its history ‘the events of the last few months have proved the sternest test of the EBRD and our mission to date,’ the President said. This crisis followed another, the coronavirus pandemic, ‘which put the whole world, the Bank, and all our staff, under huge stress and strain,’ she added. Despite such challenges, the EBRD last year invested a record EUR5.4 billion in the green economy, 51 per cent of its 2021 business volume. It also returned record profits of EUR2.5 billion last year. The EBRD had previously committed to making a majority of its investments green by 2025 just as, at its last Annual Meeting, it agreed to align all its activities with the goals of the Paris Agreement on limiting climate change by the end of this year. Such a commitment was even more urgent as emissions continue to rise and the Bank was making real progress towards hitting the target, the President said. She also updated the Bank’s Governors and others watching the event on the Bank’s performance on two more strategic priorities for the period 20212025: equality of opportunity and gender equality; and the shift to digital. And she expressed the intention that the Bank’s work on Ukraine and its three priorities would ‘not obscure our long-term vision for investing in Sub-Saharan Africa too’ and the hope that Governors would approve the proposed phased approach, beginning with a decision in principle. This year’s EBRD Annual Meeting and Business Forum, its 31st, is only the second to be held in what the Bank calls the southern and eastern Mediterranean and, because of the pandemic, the first to be held in a physical setting since 2019. The 2022 Annual Meeting and Business Forum, which ends tomorrow and features numerous panels all being livestreamed, is the first to be held on the continent of Africa. The Bank has invested EUR3.3 billion in Morocco since it began working in the country 10 years ago and EUR15.8 billion in the wider southern and eastern Mediterranean, which also includes Egypt, Jordan, Lebanon, Tunisia and the West Bank and Gaza. The EBRD is a multilateral bank that promotes the development of the private sector and entrepreneurial initiative in 38 economies across three continents. The Bank is owned by 71 countries as well as the EU and the EIB. EBRD investments are aimed at making the economies in its regions competitive, inclusive, well-governed, green, resilient and integrated. Follow us on the web, Facebook, LinkedIn, Instagram, Twitter and YouTube.
26.07.2024 |
|
|
|
|
|
09:28 |
Ongoing Economic Crisis in Argentina Impacts Dairy |
15.07.2024 |
|
|
|
|
|
10:28 |
Decline of China Pork Imports Continues in 2024 |
|
08:20 |
Lower Prices Propel Mexico 2023/24 Soybean Meal Imports |
13.07.2024 |
|
|
|
|
|
10:15 |
China Imports of Major Feed Grains at Record for Oct-May period |
12.07.2024 |
|
|
|
|
|
01:08 |
Climate risks projected to affect fish biomass around the world's ocean, FAO report says |
06.07.2024 |
|
|
|
|
|
10:15 |
Global cereal production 2024 forecast scaled up and now set to exceed the 2023 level |
|
10:01 |
FAO Food Price Index stable in June |
03.07.2024 |
|
|
|
|
|
12:31 |
World pear production for MY 2023/24 is projected up more than 275,000 tons to 25.2 million |
|
12:23 |
U.S. wheat exports are forecast to rebound by more than a million tons in the 2024/25 marketing year |
01.07.2024 |
|
|
|
|
|
08:58 |
World apple production for MY 2023/24 is forecast to rise more than 700,000 tons to 83.7 million |
|
08:39 |
World coffee production for 2024/25 is forecast to rebound 7.1 million bags |
25.06.2024 |
|
|
|
|
|
17:57 |
Central, Eastern and South-Eastern European banks report strengthening loan demand and improving profitability |
|
17:05 |
Global Environment Facility approves $70 million to support FAO projects in 28 countries |
24.06.2024 |
|
|
|
|
|
04:15 |
Emergency brake triggered for oat imports from Ukraine |
23.06.2024 |
|
|
|
|
|
09:00 |
Colombia Production: Two Periods of Sharp Decline |
19.06.2024 |
|
|
|
|
|
15:35 |
World pear production for MY 2023/24 is projected up more than 275,000 tons to 25.2 million |
|
10:35 |
India Apple Imports Forecast at a Record High |
12.06.2024 |
|
|
|
|
|
09:21 |
FAO Food Price Index slightly up in May: higher cereal and dairy prices offset easing sugar and vegetable oil quotations |
03.06.2024 |
|
|
|
|
|
14:04 |
Commission clarifies support for farmers in case of exceptional weather events |
|
13:33 |
Digitalization: it is time to bridge the gap between urban and rural areas |
22.05.2024 |
|
|
|
|
|
18:25 |
Two years of Solidarity Lanes have brought the EU, Ukraine and Moldova closer together |
21.05.2024 |
|
|
|
|
|
08:10 |
Seven additional private sector leaders announce support for Antimicrobial Use Stewardship Principles in poultry, now includes over 40% of global poultry meat production |
13.05.2024 |
|
|
|
|
|
23:32 |
EU extends trade support to Ukraine for one more year |
|
04:36 |
European Union corn is forecast at 18.0 million tons |
11.05.2024 |
|
|
|
|
|
18:55 |
2024/25 Grain Consumption Expands while Trade Moderates |
|
18:47 |
Oilseeds Stocks Forecast to Reach Record Highs in 2024/25 |
06.05.2024 |
|
|
|
|
|
09:17 |
The International Year of the Woman Farmer in 2026 Approved by the UN General Assembly, it will increase awareness of the crucial role women farmers play in agrifood systems |
04.05.2024 |
|
|
|
|
|
08:10 |
2024 wheat forecast trimmed |
03.05.2024 |
|
|
|
|
|
21:25 |
Rising international quotations for meat, cereals and vegetable oils offset drops for dairy and sugar |
|
07:10 |
El Niño and La Niña: four crucial steps to build climate resilience |
01.05.2024 |
|
|
|
|
|
08:25 |
Acute hunger remains persistently high in 59 countries with 1 in 5 people assessed in need of critical urgent action |
29.04.2024 |
|
|
|
|
|
10:43 |
New CEO at BASF: Martin Brudermüller hands over to Markus Kamieth |
25.04.2024 |
|
|
|
|
|
09:45 |
Parliament approves a revision of the EU’s common agricultural policy |
23.04.2024 |
|
|
|
|
|
16:23 |
MEPs approve trade support measures for Ukraine with protection for EU farmers |
17.04.2024 |
|
|
|
|
|
18:08 |
Ministry of Agrarian Policy and Food predicts this year’s harvest of grains and oilseeds at about 74 million tonnes |
16.04.2024 |
|
|
|
|
|
12:12 |
West Africa Cocoa Shortage Pushes Up Prices |
11.04.2024 |
|
|
|
|
|
23:48 |
U.S. Soybean Meal Exports Forecast at Consecutive Records in 2022/23 and 2023/24 |
|
23:10 |
EU Wheat Exports Challenged by Russia’s Growing Dominance |
|
11:30 |
Country of origin of honey must be clearly visible on the label. EU honey traceability system to be developed |
10.04.2024 |
|
|
|
|
|
15:59 |
Commission starts setting up the Agriculture and Food Chain Observatory |
|
15:33 |
Commission approves ˆ2.2 billion German State aid scheme to support the decarbonisation of industrial processes to foster the transition to a net-zero economy |
|
13:17 |
Donau Soja urges EU for clarity on EUDR implementation |
09.04.2024 |
|
|
|
|
|
10:44 |
Ukraine remained the third source of EU imports in 2023, with a value of EUR 11.8 billion |
06.04.2024 |
|
|
|
|
|
10:04 |
World cereal output seen up in 2023/24 |
|
09:55 |
FAO Food Price Index rises in March |
05.04.2024 |
|
|
|
|
|
10:04 |
Shellfish Crop Insurance Program Offers Oyster Producers Needed Protection from Environmental Challenges and More |
03.04.2024 |
|
|
|
|
|
23:01 |
Croatian horseradish root ‘Ludbreški hren' added to register of Protected Designations of Origin |
02.04.2024 |
|
|
|
|
|
10:15 |
FAO and chef Fatmata Binta announce new project to empower women fonio producers in Ghana |
28.03.2024 |
|
|
|
|
|
12:55 |
Council compromise on Ukraine ATMs – Only a half step forward in the right direction |
|
09:18 |
Commission approves amendment to Italian State aid scheme to support companies in Friuli Venezia Giulia in the context of Russia's war against Ukraine |
Also available:
|