FAO and the Netherland's FMO partner to improve agriculture financing in developing countries

Rome - The United Nations Food and Agriculture Organization (FAO) and FMO, the Dutch Entrepreneurial Development Bank today launched a formal partnership which aims to increase investments in favor of small and medium enterprises (SMEs) and small-scale producers operating within the agribusiness sector in developing countries.

According to the Memorandum of Understanding, over the next two years, FAO and FMO will work with members of farmers' organizations, staff of SMEs and rural microfinance institutions to improve agri-business management skills, sustainable agro-ecological and processing practices and food loss-reduction techniques. The pilot project of the partnership will be undertaken in Kenya.