The European Commission and the World Bank Group signed a Framework Agreement on Friday, 15 April 2016, to further their cooperation on the implementation of development projects across the globe. This agreement sets the terms under which the World Bank will disburse EU budget money on development projects on the ground. With this agreement, we're upgrading the strategic partnership between the European Commission and the World Bank to fight poverty around the world. We can accelerate delivery of our funds and increase the transparency of our joint projects for the benefit of people in the developing countries said European Commission Vice-President, Kristalina Georgieva, at the signing ceremony.
The EU is the world’s leading humanitarian aid donor. Together, the European Commission
and the Member States provide a major proportion of global funding for emergency relief. The
Directorate-General for Humanitarian Aid and Civil Protection (ECHO) is the EU’s principal actor in the field, funding relief operations implemented through different partners (nongovernmental organisations, UN agencies and international organisations) and coordinating Member States’ policies and activities. ECHO also supports effective humanitarian work across the globe.
Zimbabwe realised about $54 million from exports of horticultural products to the European Union in 2015 which is an increase from $49 million recorded in 2014, according to figures availed by ZimTrade. Zimbabwe’s major export destinations in the EU were United Kingdom, Netherlands, Lithuania, Spain, Portugal, France and Germany. The Netherlands came out top as Zimbabwe’s major export destination during the year sitting at $35 million while the United Kingdom was second at $12 million.
With recent developments in trade and regional integration in Africa, the UK All-Party Parliamentary Group on Trade Out of Poverty is launching an inquiry into the progress and future of the UK’s Africa Free Trade initiative. It has been five years since the Africa Free Trade initiative (AFTi) was launched. With the aim to help African countries integrate with each other and into the world trade system, the AFTi was a top priority in the UK’s five-year trade strategy published in February 2011.
Prarastatal beef exporter, Botswana Meat Commission (BMC), has closed indefinitely its major abattoir for EU market pending the assessment of the buffalo incursion in Southern Botswana, APA learnt here Monday.The Minister of Agriculture Patrick Ralotsia states that a specimen has been taken to Botswana Vaccine Institute laboratories to test if the buffalo was harbouring the Foot and Mouth Disease (FMD).