Examples of using Diversification projects in English and their translations into Russian
{-}
-
Official
-
Colloquial
Need to fill the gap in existing funding arrangements for preparing diversification projects;
Diversification projects have been undertaken in horticulture, cashmere goats, meat production and poultry farming.
What are the best means of improving the availability of finance for the agriculture sector and for diversification projects?
Thus, diversification projects will only succeed if sufficient attention is paid to the development of modern marketing services as well as of production.
In this regard, African Governments should facilitate,promote and support the diversification projects initiated by the private sector.
The basic objective of the proposed facility would be to promote the diversification of the African commodity sector by financing the preparation of technically andeconomically viable diversification projects.
The important role of the Common Fund for Commodities in financing diversification projects through its second account was recognized and the need to strengthen its financing capacity was emphasized.
A major constraint to promoting diversification is a lack of technically andeconomically viable diversification projects.
The Common Fund is invited to explore possibilities to contribute to commodity-sector diversification projects, as well as to promote commodity market development, particularly in favour of the least developed countries.
General Assembly resolution 48/214 stresses the need to make full andeffective use of existing funding mechanisms in developing diversification projects.
Experience shows that when the general political, legal and economic situation is favourable,entrepreneurs will identify possible diversification projects, often in abundance, but that these ideas will need careful screening and only a few will be bankable.
This is particularly true of the African Development Bank, which only recently opened its private sector window,a large part of which will accommodate export diversification projects.
The recommendation in the study regarding the formation in Africa of national diversification councils which would draw up diversification projects and, in particular, cooperate closely with the fund is a useful complement to the proposal for the establishment of such a fund.
It can also provide a clear focal point for channelling andincreasing assistance from existing financing mechanisms for diversification projects in Africa.
African countries urgently need finance not only for investment in diversification projects, which should primarily come from the private sector, but also to cover all other costs from the initial step of identifying a project right through to the production and distribution stage.
At present, however, there is a gap in the available development assistance for preparing viable diversification projects attractive to investors.
A number of mechanisms are available for financing technically andeconomically sound diversification projects(see A/48/335, sect. VII). They include the World Bank, the African Development Bank(ADB), the Common Fund for Commodities, the European Fund and the European Investment Bank.
First, there is a gap in the available development assistance for preparing technically andeconomically sound diversification projects, attractive to investors.
In order to ensure hat the diversification projects prepared with the assistance of the diversification facility are eligible for financing by multilateral and bilateral agencies, it is suggested that such projects should be prepared following the modalities, procedures and standards of a multilateral financing institution.
The fund we earnestly seek would promote the diversification of the African commodity sector by financing technically andeconomically viable diversification projects.
Beyond lending for diversification projects, financial assistance is needed to create a domestic supportive environment, including development of related infrastructure and human resources, and for technical assistance in pre-feasibility, feasibility and market studies both for export-oriented and linkage-creating investments.
To consider practical ways and adequate means of allowing andfacilitating access to financing of preparatory studies for diversification projects in Africa, including through regional and subregional entities;
The basic objective of the proposed facility in the African Development Bank would be to help facilitate the diversification of the African commodity sector by preparing technically andeconomically viable diversification projects.
Benin wishes to reiterate its support for the decision regarding the establishment, in each African country, of a national diversification council that could,among other functions, prepare and evaluate diversification projects, taking into account not only the structural and institutional situation but also the available infrastructures and human resources.
Among them is the project for an African diversification fund or diversification facility in the African Development Bank 43/ which would help to facilitate the diversification of the African commodity sector by preparing technically andeconomically viable diversification projects.
Encourages the Common Fund for Commodities, in cooperation with the International Trade Centre, the United Nations Conference on Trade and Development and other relevant bodies,to direct its commodity development programmes more towards commodity sector diversification projects, as well as to promote commodity market development in the developing countries, with particular focus on the needs of least developed countries, and to explore effective ways and means of using the resources of the First Account of the Common Fund;
State participants in the African Development Fund and multilateral institutions are urged to pay special attention tothe diversification of African commodities and to contribute to the preparatory phase of African diversification projects.
Encourages the Common Fund for Commodities, in cooperation with the International Trade Centre, the United Nations Conference on Trade and Development and other relevant bodies,to direct its commodity development programmes more towards commodity sector diversification projects, as well as to promote commodity market development in developing countries, with particular focus on the needs of least developed countries, and to explore effective ways and means of using the resources of the First Account of the Common Fund;
The assistance provided for project preparation by those organizations does play a useful role, but it is relatively small and covers the entire project spectrum;it is not focused on diversification projects per se.
Getting the economic environment right is, by the way the avenue we have chosen to assist the process,although we do finance diversification projects or projects with strong diversification components.