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

World Bank And IFC Develop Palm Oil Strategy

07.06.2010 10:23 "Agro Perspectiva" (Kyiv) — The World Bank and its private sector arm, International Finance Corporation (IFC) are to develop an oil palm strategy, which is expected to transform the commodity into a real foreign exchange earner for the nation and the continent. Though palm oil production in Africa represents only three percent of global supply, the product is the most popular food on the African continent. The strategy would outline a set of principles to guide the World Bank Group’s future engagement in the palm oil sector with the key goal of maximizing development outcome for the communities and minimizing adverse social and environmental impacts of the sector. At a two-day consultative stakeholders’ meeting that ended in Accra on Tuesday, participants from Cameroon, Cote d’lvoire, Gabon, Ghana, Liberia, Nigeria and Sierra Leone discussed the potential of the palm oil industry in Sub Saharan Africa and its economic, social and environmental implications. Productivity was described as key to the industry’s future. The discussion focused on the need to support smallholder producers through access to finance, environmental certification, land policy and technology transfer. Participants agreed that there was considerable scope for expansion, but noted that the industry should be carefully managed to avoid potential threats to tropical forests and biodiversity loss. «IFC and the World Bank are working with a diverse group of stakeholders to inform our new global strategy that will guide our future engagement in the palm oil sector,» said Mary-Jean Ndlovo, IFC Ghana Country Manager. «Sub Sharan Africa has a long history of palm oil production. This consultative process is helping us to identify key issues affecting the palm oil sector and define ways by which the World Bank Group can support economic development while protecting the environment.» Briefing the press on Tuesday, Dr. Ohene Owusu Nyanin, World Bank Country Manager for Liberia said the bank has decided to adopt an oil palm strategy that would be implemented in a sustainable manner to promote job creation and reduce poverty on the continent. The discussion, according to him, centered on land use, governance, policy, among others, with the initial strategy expected to be delivered in September this year. «Oil palm has lifted people out of poverty in East Asia, especially Malaysia and our interest is to ensure the same thing is replicated here in Ghana.» Mark Constantine, Principal Strategy Officer, IFC, on his part, said the strategy was aimed at supporting smaller businesses to undertake their activities in an environmentally friendly manner. About 60 people attended the meeting, with representatives from civil society organizations, private companies, financial institutions, industry associations, smallholder producers, government and research institutions. Consumption of oil palm in Africa is expected to increase as the continent’s population grows.

Agro Perspectiva

< In Apr confectionaries output sagged by 11%, down to 20,400 MT All news for
07.06.2010
United Arab Emitrate - Meat imports drop 10% >

13.03.2025  
07:39 Global wheat production is estimated at 796 MMT in 2025
07:33 Early wheat production prospects for 2025 point to potential increase
03:35 The FAO Food Price Index rose in February 2025, driven by higher sugar, dairy and vegetable oil prices
12.03.2025  
06:47 European Union Soybean Meal Imports to Reach 9-Year High
11.03.2025  
20:14 EU Wheat Exports Fall to Lowest Level in 6 Years
07.03.2025  
16:14 EBRD extends new guarantee to OTP Leasing Ukraine to unlock EUR160 million of new finance
27.02.2025  
08:34 EBRD revises down Ukraine’s 2025 growth forecast
26.02.2025  
10:01 Pistachios. Global production for 2024/25 is forecast to rise 7 percent to 1.2 million metric tons
09:47 An ambitious vision for agriculture that seeks to reconnect with on-the-ground realities cannot ignore the debate on the CAP budget
19.02.2025  
10:43 “Bold investments” needed to address challenging nutritional burden in Africa, FAO says
07:13 Green Climate Fund greenlights two major FAO-led projects to strengthen climate resilience in Kenya and Serbia
12.02.2025  
10:01 China Corn Imports Fall on Weaker Domestic Demand
09:06 China’s Imported Oilseed Meal Supplies Shift Slightly to Mid-Protein Meals
08.02.2025  
18:20 Cereal stocks set to decline in 2024/25 due to anticipated reductions in wheat and maize inventories
18:00 FAO Food Price index declined in January 2025, mostly due to lower sugar, vegetable oil and meat prices
06.02.2025  
16:28 Ukraine considers SCZone site for food hub in Egypt – ministry
16:16 Since the beginning of 2025, 549 agricultural enterprises have received UAH 2.3 billion under the Affordable Loans at 5-7-9 programme published
03.02.2025  
23:55 Ukraine's Ministry of Agrarian policy allocates sugar export quotas to EU
31.01.2025  
17:20 Global orange production for 2024/25 is forecast down 662,000 tons to 45.2 MT
17:15 Argentina Lemon/Lime Exports Continue to Decline
24.01.2025  
16:38 Ukraine’s agricultural sector earned $24.5 bln in 2024, setting second historical record
23.01.2025  
15:46 Eurobarometer survey shows strong support for the Common Agricultural Policy (CAP)
22.01.2025  
20:54 Since the beginning of 2025, 117 agricultural enterprises have received UAH 318.7 million under the Affordable Loans at 5-7-9 programme
20:43 Ukrainian agricultural land needs to be cleared and returned to circulation as soon as possible
21.01.2025  
21:45 A groundbreaking new study, “Governance and resilience as entry points for transforming food systems in the countdown to 2030”. Key Findings
21:37 Nitrogen use efficiency must be improved to reduce harm to human and environmental health
11.01.2025  
11:16 Russia Grain Export Quota to Curb Wheat Exports in 2025
09:12 Iraq Emerges as a Soybean Importer
08.01.2025  
22:13 FAO Food Price Index dips during the month of December
18:49 FAO calls for urgent action to address widening famine in Sudan
22.12.2024  
05:26 FAO transfers 185 generators, 6,474 grain hoses to Ukrainian farmers in 2024
03:53 The EU agri-food trade surplus increased by 15% in September 2024, reaching EUR 6 billion
19.12.2024  
09:05 World coffee production for 2024/25 is forecast 6.9 million bags higher
18.12.2024  
23:11 China’s Expanding Coffee Consumption
17.12.2024  
22:37 Bangladesh Soybean Import Recovery Expected to Continue
14.12.2024  
21:03 World apple production for 2024/25 is forecast to fall nearly 350,000 tons to 84.0 million
13.12.2024  
09:11 U.S. Fresh Pear Exports Fall on Historically Low Harvest
10.12.2024  
21:03 Indonesia Grain Imports to Subside after 2023/24 Record
08:14 Higher vegetable oil quotations drive up FAO Food Price Index, but lower cereal and sugar prices temper the rise
07:45 Cereal trade revised downwards amid weaker demand
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

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 -2025 © Agrarika, ltd.
tel.: +380 67 4473802; +380 67 5964652
e-mail: client@agroperspectiva.com