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 launches Vital Infrastructure Support Programme

24.04.2020 09:33 "Agro Perspectiva" (Kyiv) Initiative provides immediate financial and policy support in response to Coronavirus pandemic

The EBRD has launched an emergency support programme for infrastructure providers across its emerging economies to ensure the provision of vital services despite acute pressure from the coronavirus pandemic.

The EBRDs initiative, part of its overall Solidarity Package response to Covid-19, will focus on both ensuring service provision immediately and protecting progress in its regions towards the provision of green, sustainable infrastructure.

The Covid‐19 crisis has had a severe impact on infrastructure sectors in EBRD countries that stretch from Central and Eastern Europe through to Central Asia and the Middle East and North Africa.

Providers are facing unprecedented financial strain due to a dramatic fall in revenues. They risk not having enough working capital to keep vital infrastructure safe and functioning when it is most needed.

At the same time, the diversion of budget resources away from infrastructure investments to emergency coronavirus services is compromising the sustainability of services in the medium to long‐term and threatening the transition to green, sustainable infrastructure that remains a fundamental challenge for all economies.

The VISP initiative contains three financing tools:

Working capital lines to municipalities and utilities. The EBRD will deploy these credit lines through local banks to support the continuity of infrastructure services and/or infrastructure investment programmes.

Stabilisation facilities for key infrastructure providers. These will be direct loans to key services providers to provide liquidity following temporary revenue losses due to Covid‐19, with the aim of protecting the delivery of vital services and infrastructure.

Investment financing for public sector clients. The EBRD will provide finance to public sector clients to support vital capital expenditure that is otherwise threatened by the economic fallout of the COVID-19 crisis.

In addition to financial support, the EBRD will provide policy support across its regions to protect and sustain ongoing reforms, to strengthen the resilience of economies, to maintain the momentum of a low-carbon transition and to promote good governance across the sector.

Nandita Parshad, EBRD Managing Director, Sustainable Infrastructure Group, said: «This is a response to the needs of our countries, cities and their citizens to keep the lights on, clean water flowing, waste collected and treated, and public transport running safely. Preserving the stable provision of essential services is vital to support those societies right now in the midst of this unprecedented crisis, but also to ensure that when the recovery comes it is a green and sustainable one, led by private enterprise.»

Mattia Romani, EBRD Managing Director, Economics, Policy and Governance, added: «Given the unprecedented crisis affecting the infrastructure sector, the Bank is developing new ways to help our countries and vital infrastructure providers through a combination of short- and long-term financial products as well as advice to government to shape the economic policy response in a way that can help preserve the private sectors ability to be the engine of growth, prevent value destruction and protect well-functioning markets.»

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 69 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

< EBRD targets coronavirus financing of EUR21 billion through 2021 All news for
Economy ministry plans to restrict export of Ukrainian corn to 29.3 mln tonnes, UGA opposes this decision >

08:47 EBRD expects Ukraines economy to contract by nearly a third in 2022
15:48 Farmers sowed 961,000 hectares of winter rapeseed
07:03 China vegetable oil imports plunge in 2021/22 but forecast to recover in 2022/23
05:00 India Imposes Export Restrictions on Certain Types of Rice
16:43 Famine in Somalia projected, lives of millions of people are at immediate risk, UN says
19:00 Lower cereal production outlook underpins downward revisions for utilization and stocks in 2022/23
18:55 World food commodity prices dip for fifth month in a row in August
08:55 BASF and Corteva Agriscience collaborate to deliver the future of weed control to soybean farmers
23:37 Ukraine and Moldova abolish permits for intl cargo transportation from Sept
14:57 Chile: Walnut production estimates in 165,000 MT in 2022/23 MY
14:12 Prices for rapeseed (non-GMO) at the western border of Ukraine fell to the level of USD530-550/t
09:55 The supply of wheat on the market is increasing
09:45 With higher food prices and pressing needs, UN team in Algeria calls for support for Sahrawi Refugees
07:06 The FAO Dairy Price Index averaged 146.4 points in July, down 3.8 points (2.5 percent) from June
15:38 FAO Food Price Index registered a steep drop in July
15:55 BASF enters power agreements for clean energy supply of more than 20 BASF sites across the United States
13:22 FAO to boost soil nutrient mapping in Central America and sub-Saharan Africa $20 million contribution from U.S.A. will catalyze more efficient use of fertilizers
12:21 Europe and Central Asia: Promoting green agriculture to transform local agrifood systems
11:23 Ukraine: Canada contributes USD 40 million to cover 2.4 million tonnes of storage
16:55 South Africa Fresh Orange Production and Exports Climb Higher
11:28 BASF transforms market towards certified, sustainably sourced coconut oil
02:43 Black Sea grain exports deal a beacon of hope amid Ukraine war - Guterres
12:43 Russia illegally exports 150,000-170,000 tonnes of grain from Ukraine per month - Ukrainian Ambassador to Turkey
08:35 Export prices for milling wheat again fell slightly
09:50 No concrete agreements on holding talks with participation of Ukraine, Russia, Turkey, UN on grain export MFA
20:32 Coca-Cola to cease production and sales in Russia
16:27 Afghanistan: FAO and the World Bank step up their response to the worsening food security $195 million emergency project aims to provide critical life-saving and livelihood assistance to smallholder farmers
13:32 Ukraine calls on other countries to abandon export restrictions - trade representative
12:26 India bans wheat exports to ensure sufficient domestic food grain supply
10:28 Thailand Sugar Production and Exports Continue to Rebound
11:11 Global rapeseed supplies in 2022/23 are projected to a record 100.5 MMT
12:51 Global soybean production in 2022/23 is forecast at a record 394.7 MMT
09:05 Global soybean production in 2022/23 is forecast at a record 394.7 MMT
15:00 Ukraine rapeseed production is forecast to rise despite the ongoing hostilities
10:49 2021/22 Indonesia Palm Oil Exports Slashed
15:45 Astarta Completed Spring Planting 2022
16:37 2022/23 Grain Consumption Exceeds Production, Stocks Tighten
14:31 EBRD to play key role in support of Ukraine, President says
11:15 Vegetable oil and maize prices slightly decrease after recent surge, while rice, meat, dairy and sugar prices slightly increase and global trade prospects dim
14:03 BASF achieves strong EBIT before special items despite significantly higher energy and raw materials prices
17:52 EU takes steps to suspend all duties on imports from Ukraine
16:27 BASF to wind down activities in Russia and Belarus except for business that supports food production
13:54 EBRD enhances trade finance for Ukraine
09:11 Coca-Cola will provide assistance to Ukraine for up to $15 mln
20:35 Indonesia. Despite the expected increase in production, imports of raw sugar are also forecast to increase
19:43 Australia is expected to produce another big grain crop in MY 2022/23 after a record setting winter crop and strong summer crop production in MY 2021/22
10:15 The Ukraine Conflict and Other Factors Contributing to High Commodity Prices and Food Insecurity
16:25 WFP appeals for access to encircled cities in Ukraine
11:35 Global cereal trade and utilization in 2021/22 revised down
10:25 FAO Food Price Index posts significant leap in March

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
For our clientsAgroNewsDaily - Ukrainian Grain&Oilseed Market - Fertilizers - Milk Monthly - Milk Weekly
About usAbout project - Contact
2002 -2022 © Agrarika, ltd.
tel.: +380 44 5934543; +380 44 5934540
e-mail: client@agroperspectiva.com