EBRD launches 2019-2023 agribusiness investment strategy: The European Bank for Reconstruction and Development (EBRD) announced yesterday (pdf) the launch of its agribusiness strategy for 2019-2023, which will see it providing financing, technical cooperation, and policy engagement to the economies it invests in. The strategy will aim “to efficiently increase food production and preserve natural resources while reducing the environmental and social impact of agribusiness.” The announcement makes no mention of the funding allocated to the strategy. The bank invested a total EUR 6.7 bn between 2010-2017 in 447 agribusiness projects in different countries, according to the statement. Egypt had signed a joint declaration with the EBRD, the UN Food and Agricultural Organization (FAO), and the World Bank to promote investment in efficient and sustainable agriculture last December.

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