Financing rural development in ACP countries

The 20th Brussels Development Briefing was on ‘Financing agriculture’ and took place on the 15th of  September 2010 at the Borschette Center . As an input to the UN Summit on MDGs to be held in New York on 22-26 September 2010, we discussed issues related  to financing development in the context of agriculture and rural development. This included issues such as Aid and ODA , taxation (Domestic tax revenues), private investment (new donors), revenue generation. Speakers included: Centre for Environmental Policy at  Imperial College in London, the  Partnership to Cut Hunger and Poverty in Africa in the US, CONCORD, OECD, African Development Bank, Caribbean Development Bank, YARA, African regional framers organizations.

 

Introductory remarks: Lluis Riera, Director DG development, European Commission, Michael Hailu, Director of CTA

Panel 1 – Aid targets and donor support for development

This session reviewed the key challenges for financing the agricultural sector and the major assistance mechanisms at global and EU level in support of the agricultural sector in ACP countries and the achievements realized so far.

Panellists:

-European donor support for agricultural development in Sub-Saharan Africa: a review, Professor Sir Gordon Conway, Centre for Environmental Policy, Imperial College London, [Executive Summary], [Presentation]

-US assistance to Sub-Saharan agricultural sector, Julie Howard, Executive Director, Partnership to Cut Hunger and Poverty in Africa, [Presentation]

-The role of NEPAD-CAADP in increasing investment in agriculture, Dr. Marcel C. Nwalozie, Director West Africa Mission, NEPAD, [Presentation]

-Halving Hunger: Still Possible? Building a rescue package to set the MDGs back on track, Luca Chinotti, Policy Advisor on Food Security and Climate Change, Oxfam, [Executive Summary], [Presentation]

Chair : H.E.M. Abdou Abarry, Ambassador of Niger

Panel 2 – Beyond Aid: new financing mechanisms

This panel explored the potential for new or improved financing sources as well as the opportunity for new innovative sources of financing the agricultural sector.

Panellists:

-Taxation and Financing for Development, Gregory De Paepe, Policy Analyst Europe, Middle East and Africa Desk, OECD, [Executive Summary], [Presentation]

-What perspectives for funding ACP agriculture? Ms. Randiana Rakotomalala,Senior Investment Officer, African Development Bank, [Presentation]

-The support of the EIB to the rural development sector in ACP countries, Dr Harald Jahn, Head of Division, SMEs and Agroindustry, European Investment Bank (EIB)

-Opportunities in new Agribusiness, Rajesh Behal, Principal Investment Officer, Agribusiness Department, International Finance Corporation, The World Bank, [Presentation]

-Public/private innovative partnerships: the case Agricultural Growth Corridors, Sean de Cleene, Vice President, Global Business Development & Public Affairs, YARA, Investment Facility, European Investment Bank, [Presentation]

Chair: lshmael Sunga, CEO, SACAU

Conclusions: H.E. Patrick Gomes, Chair of the ACP Committee of Ambassadors and Ambassador of Guyana

33 thoughts on “Financing rural development in ACP countries

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