Homepage  Homepage     Search on site  Search on site     To write the letter  To write the letter     Site map  Site map
Agro Perspectiva
We are on: 
   
 


Home > News

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 2021–2025: 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.

Agro Perspectiva

< Vegetable oil and maize prices slightly decrease after recent surge, while rice, meat, dairy and sugar prices slightly increase and global trade prospects dim All news for
11.05.2022
2022/23 Grain Consumption Exceeds Production, Stocks Tighten >

02.12.2024  
23:17 Prime Minister: Some 50 partner countries have joined the humanitarian demining coalition
22:56 Norway pledges additional $4.5 mln to Ukraine's Grain from Ukraine initiative
01.12.2024  
03:30 EU agri-food trade slowed down in August 2024
26.11.2024  
00:06 Global sugar production, compared to last year, is estimated up 2.8 million tons to 186.6 million
24.11.2024  
04:43 During the Operation of Our Grain From Ukraine Program, We Have Managed to Save 20 Million People from Hunger – Zelenskyy
04:15 Ukraine Is Ready to Share Technologies, Military Experiences and Processing Methods with African Countries – the President
22.11.2024  
10:15 South Africa Sugar Production and Exports Estimated Down
19.11.2024  
23:04 Global Olive Oil Production Forecast to Rebound in 2024/25
22:47 Vitalii Koval discusses Ukraine's European integration with European colleagues
16:06 EBRD, European Union and United States help Kyiv prepare for winter
18.11.2024  
09:21 Agriculture Development Strategy 2030 – a roadmap to the EU
09:19 Ukrainian farmers have sown 96% of projected winter crop area
01.11.2024  
20:31 Ukraine has officially joined the International Fund for Agricultural Development
20:29 Ukrainian farmers harvested 63.7 million tonnes of grains and oilseeds
25.10.2024  
22:50 Agriculture hit hard: October port strikes rack up 30-40 million dollars in losses
21:04 Ministry of Agrarian Policy expects exports to rise in dollar terms
10:57 Ukrainian corn seed flows to Europe in further farm trade shift
24.10.2024  
23:02 Tree Nut Import Markets Highly Concentrated
23.10.2024  
11:18 Prime Minister UK warns Russian threat to global stability is accelerating as Putin ramps up attacks on Black Sea
15.10.2024  
09:35 Brazil Continues to Dominate Growth in Global Chicken Meat Exports in 2025
11.10.2024  
23:33 China Cottonseed Imports Show Strong Demand in Recent Years
20:30 India Removes Rice Export Ban, Spurring Additional Trade
30.09.2024  
17:27 List of agricultural machinery with cost compensation expanded to 11,300 items
29.09.2024  
20:21 1 in 11 people worldwide faced hunger in 2023, 1 in 5 in Africa If current trends continue, about 582 million people will be chronically undernourished in 2030, half of them in Africa
17:13 EU agri-food surplus increased in the first half of 2024
27.09.2024  
09:02 BASF presents new corporate strategy: BASF is setting a new direction for portfolio steering, capital allocation and performance culture
26.09.2024  
10:25 BASF sets new direction with corporate strategy and maintains high level of shareholder distributions
21.09.2024  
18:30 Three new sites recognized as Globally Important Agricultural Heritage Systems (GIAHS)
17.09.2024  
09:52 Cargill and Ducks Unlimited Working Together to Restore Watersheds Across North America
08:44 FAO calls for G20 cooperation as hunger targets continue to elude
06:40 FAO sees open trade as a cornerstone of global food security
13.09.2024  
07:08 U.S. Soybean Meal Hits 10‐Year High for Export Sales
12.09.2024  
21:26 U.S. Corn Exports Buoyed by Large Supplies
11.09.2024  
04:30 Global cereal production 2024 forecast on par with 2023 output, cereal trade likely to contract
06.09.2024  
11:35 FAO Food Price Index down marginally in August: lower sugar, meat and cereal quotations offset higher dairy and vegetable oil prices
10:34 Cargill acquires two US feed mills, strengthens production and distribution capabilities to grow with customers
05.09.2024  
09:23 PM: Plan to develop small generation facilities to reduce vulnerability to terrorism
30.08.2024  
05:03 Taras Vysotskyi discusses agricultural cooperation with Hungarian counterpart István Nagy
19.08.2024  
12:00 OTP BANK RECEIVED A $2.76 MILLION GRANT FROM USAID INVESTMENT FOR BUSINESS RESILIENCE ACTIVITY FOR CONCESSIONAL LENDING TO MICRO, SMALL, AND MEDIUM-SIZED ENTERPRISES
16.08.2024  
17:10 Cargill and Goanna Ag Pilot Irrigation Efficiency Technology on Mississippi Delta Cotton Fields
12.08.2024  
20:04 Ukraine Soybean Exports Forecast at Record in 2024/25
19:48 Domestic Demand and Trade Restrictions Reduce India Grain Exports
11.08.2024  
09:15 USAID Announces $3.9 billion in Direct Budget Support to the Government of Ukraine
09.08.2024  
17:41 USAID Announces $3.9 billion in Direct Budget Support to the Government of Ukraine
07.08.2024  
08:19 Turkey’s Mandarin Production and Exports to Rebound
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

Also available: 


NewsNews - News - News - News - News - News
BriefWeekly Reports - Free article
SubscriptionTariff - News&Reports
AdvertisingMagazine - Site
ConferencesForum AGRO-2013 - DAIRY WORLD-2008 - FERTILIZERS-2010
Statistics
For our clientsAgroNewsDaily - Ukrainian Grain&Oilseed Market - Fertilizers - Milk Monthly - Milk Weekly
About usAbout project - Contact
2002 -2024 © Agrarika, ltd.
tel.: +380 67 4473802; +380 67 5964652
e-mail: client@agroperspectiva.com