World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 


Agriculture crucial for growth in ex-Soviet states

Agricultural investment crucial for economic growth in ex-Soviet states – UN

Increased investment in agriculture is crucial for boosting economic growth in seven ex-Soviet states in Eastern Europe and Central Asia where more than 50 percent of the population now lives below the national poverty line, the United Nations Food and Agriculture Organization (FAO) said today.

“Donors are clearly interested in the early transition countries and understand the need to do more on agriculture, given the importance of the agriculture sector to these countries’ economies,” FAO Investment Centre Director Charles Riemenschneider told a two-day meeting in Berlin sponsored by FAO, the European Bank for Reconstruction and Development (EBRD) and the World Bank.

The so-called early transition countries (ETCs) - Armenia, Azerbaijan, Georgia, Kyrgyzstan, Moldova, Tajikistan and Uzbekistan - are the focus of an EBRD initiative that aims to stimulate market activity by using a streamlined approach to finance more and smaller rural projects, mobilizing more investment and encouraging ongoing economic reform.

Mr. Riemenschneider cited the EBRD’s ETC Fund, which pools donor funds to make it easier to match financing with projects, helping many qualify for EBRD loans or equity investment.

With financial support from the ETC Fund, FAO is working with the EBRD’s Group for Small Business in Kyrgyzstan and Tajikistan to review the state of financing to small and medium-sized agricultural enterprises.

At the two-day meeting, the World Bank will present two of its projects, in Moldova and Kyrgyzstan, which have been particularly successful models for deepening financial services in poor, predominantly agricultural economies.

The meeting is being organized by EastAgri, a network of funding institutions including private banks sponsored by FAO, the EBRD, the World Bank and the Central European Initiative (CEI), a forum for political, economic and cultural cooperation among 17 countries in Central and Eastern Europe.

Other topics of discussion include an examination of successful public-private partnerships in rural finance and agricultural development throughout the region, and the adjustments that western Balkan countries need to make to integrate their agricultural markets into European Union (EU) markets.

The meeting will also review issues limiting development of Ukraine’s agriculture sector, as well as greater coordination between donors and international financing institutions.

© Scoop Media

 
 
 
 
 
World Headlines

 

At The UN: Paris Climate Agreement Moves Closer To Entry Into Force

The Paris Agreement on climate change moved closer toward entering into force in 2016 as 31 more countries joined the agreement today at a special event hosted by United Nations Secretary-General Ban Ki-moon. More>>

ALSO:

ALSO:

Gordon Campbell: On The End Game In Spain (And Other World News)

The coverage of international news seems almost entirely dependent on a random selection of whatever some overseas news agency happens to be carrying overnight... Here are a few interesting international stories that have largely flown beneath the radar this past week. More>>

Amnesty/Human Rights Watch: Appalling Abuse, Neglect Of Refugees On Nauru

Refugees and asylum seekers on Nauru, most of whom have been held there for three years, routinely face neglect by health workers and other service providers who have been hired by the Australian government, as well as frequent unpunished assaults by local Nauruans. More>>

ALSO:

Other Australian Detention

Gordon Campbell: On The Censorship Havoc In South Africa’s State Broadcaster

Demands have included an order to staff that there should be no further negative news about the country’s President Jacob Zuma, and SABC camera operators responsible for choosing camera angles that have allegedly made the President ‘look shorter’ were to be retrained... More>>

ALSO:

Gordon Campbell: On A Bad Week For Malcolm Turnbull, And The Queen

Malcolm Turnbull’s immediate goal – mere survival – is still within his grasp... In every other respect though, this election has been a total disaster for the Liberals. More>>

ALSO:

Gordon Campbell: On Bidding Bye Bye To Boris

Boris Johnson’s exit from the contest for Conservative Party leadership supports the conspiracy theory that he never really expected the “Leave” option to win the referendum – and he has no intention now of picking up the poisoned chalice that managing the outcome will entail... More>>

ALSO:

Get More From Scoop

 
 
 
 
 
World
Search Scoop  
 
 
Powered by Vodafone
NZ independent news