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Wednesday, 6 December 2017

Expect a wave of investment pledges from the EBRD for agribusiness in the near future

After renewables, expect a wave of investment pledges from the EBRD onagribusinesses in the near future: Egypt signed a joint declaration with the UN Food and Agricultural Organization (FAO), the European Bank for Reconstruction and Development (EBRD) and the World Bank to promote investment in efficient and sustainable agriculture, according to an EBRD statement on Tuesday. “The EBRD remains firmly committed to Egypt by supporting private sector competitiveness through stronger value chains, resource efficiency and improved access to finance in agriculture and agribusiness to unlock the sector’s potential,” said EBRD Deputy Head for Egypt Catarina Bjorlin Hansen. The signing took place at the “Promoting Sustainable Investment in Egypt’s Food Security” forum which took place in Cairo yesterday. Participants at the event, including producer associations, policy-makers and investors, focused their discussions on two key themes: making Egypt’s agriculture more sustainable and supporting the country’s food systems in becoming more efficient, specifically in terms of import supply chains and subsectors with high potential for exports. We anticipate a wave of new pledges of funding in the agribusiness sector from development finance institutions in the near future in the vein of the EBRD’s investments in Egypt’s renewables sector.

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