Some fifteen (15) youth comprising males and females within the Rose Town Community are set to benefit from the opportunity of honing their skills through a block making training initiative.
The block making training will be facilitated in partnership with the HEART/NSTA Trust and at the end of the training persons will be issued with the requisite certification.
The project is being implemented through the support of the Jamaica Social Investment Fund Poverty Reduction Programme (PRP), which is funded by the European Union to the value of Three Million Jamaican Dollars (J$3,000,000).
The initiative is also supported by the Planning Institute of Jamaica’s Community Renewal Programme.
The announcement was made recently at the launch of the block factory project, attended by the Member of Parliament, Mark Golding, Ambassador Marianne Van Steen – Head of the European Delegation to Jamaica, JSIF’s Managing Director, Omar Sweeney, Representatives of the Planning Institute of Jamaica, Representatives of the Social Development Commission, Members of the Rose Town Benevolent Society and other key stakeholders.
The European Union as the largest grant funding international agency in the Caribbean continues to underscore the importance of supporting community initiatives.
Ambassador Van Steen in addressing the audience posited “The European Union is happy to support these types of initiatives because they impact lives in a meaningful way and contribute to the government’s development goals. These community-based projects allow residents the opportunity to actively participate in deciding what their priorities are and designing initiatives together to achieve them.”
Meanwhile, Managing Director of the Jamaica Social Investment Fund, Omar Sweeney, added that;” this initiative will bolster the ability of the beneficiaries to utilise their skills in a productive way in order to gain employment and generate income opportunities”. He also said that after training, persons will be able to supply their community with the necessary raw materials for building.
For his part, Member of Parliament, Mark Golding, in his address applauded all the key stakeholders for making the initiative a reality. He also urged the community members to work together with the stakeholders in order to ensure a successful completion of the project.
The project will be supervised under the guidance of Errol Jackson, a longstanding community member and President of the Rose Town Benevolent Society.
The National Secular Society has urged the UK’s new envoy on freedom of religion or belief, Fiona Bruce, to take an even-handed rather than selective approach to promoting the principle.
Fiona Bruce was appointed as the prime minister’s special envoy for freedom of religion or belief (FoRB) this week.
The NSS has questioned the wisdom of the appointment.
Bruce is a council member of the Evangelical Alliance council. She chairs the all-party parliamentary pro-life group and has lobbied to limit women’s reproductive rights.
She has voiced opposition to same-sex marriage and assisted dying, and support for daily Christian worship in state schools.
In 2016 she was accused of seeking to exclude non-religious worldviews from religious education when she took over as chair of the all-party parliamentary group on RE.
But she has also raised human rights abuses in countries such as North Korea, Pakistan and Nigeria in parliament.
NSS letter and comment
In a letter to her, the NSS warned that efforts to promote FoRB are impeded when the agenda is manipulated to protect specific beliefs rather than people.
It said the perception of FoRB as a right that protects religious groups and individuals, rather than more broadly as a right that protects both the religious and non-religious, risks disengagement from potential civil society allies.
NSS chief executive Stephen Evans said: “Freedom of religion or belief is fundamental to living in an open, tolerant and diverse society – and we support the government’s agenda of promoting and protecting this right around the world. But in doing so the government must take an even-handed approach.
“It’s vital to recognise that freedom from religion is a necessary corollary to freedom of religion.
“Fiona Bruce has rightly used her platform to raise some significant human rights abuses. But she’s also promoted a false narrative of persecutions of Christians in the UK – and her parliamentary activity indicates a keenness to impose her religious beliefs on others. This isn’t a vision of FoRB the government should promote.
“We hope to work with Ms Bruce and the government to ensure that everyone’s right to freedom of religion or belief is upheld and protected equally.”
Note
Bruce has replaced Rehman Chishti, who resigned from the government in September in opposition to the internal market bill.
Image: Official portrait of Fiona Bruce MP, via parliament.uk [CC BY 3.0]
BRUSSELS: The European Union (EU) on Monday gave conditional approval to the mega merger of car giants Fiat Chrysler (FCA) and Groupe PSA, after the firms promised to address competition fears.
The tie-up, which was announced late last year and planned to be completed in early 2021, will create Stellantis, set to be the world’s fourth-largest automaker in terms of volume, and number three in terms of sales.
The combined company unites brands such as Peugeot, Citroen, Fiat, Chrysler, Jeep, Alfa Romeo and Maserati into a global giant, each of which will continue under its own marque.
The European Commission said the decision to approve the deal came after it had carried out an “in-depth investigation” over concerns it might stifle competition.
“The approval is conditional on full compliance with a commitments package offered by the companies,” the commission said in a statement.
Brussels was worried the merger could effect Europe‘s lucrative market for vans, which are technically easy to manufacture but sell at good prices.
To assuage those concerns, the commission said PSA would continue an agreement with Toyota to manufacture vans to be sold under the Japanese brand in Europe.
The statement said that the new firm would also facilitate access for competitors to its van repair and maintenance networks.
“We can approve the merger of Fiat Chrysler and Peugeot SA because their commitments will facilitate entry and expansion in the market for small commercial vans,” EU competition chief Margrethe Vestager said.
“In the other markets where the two automotive manufacturers are currently active, competition will remain vibrant after the merger.”
Italian-American FCA and France’s PSA said they “warmly welcomed” the decision by the European authorities.
The merger must still be approved by shareholders at a meeting on January 4, the companies said, with the aim of finalising it by the end of the first quarter.
The tie-up is seen as crucial for the two groups in light of heavy investments that must be made in electric cars as the global car market undergoes a major shift.
Massive global disruptions caused by the coronavirus this year had at one stage cast doubt over the merger as automakers saw sales and share prices slump.
Fiat Chrysler in October said it returned to profit in the third quarter, doing better than expected as the market recovered from the steep downturn.
PSA reported its sales had stabilised over the same period, after a plunge of almost 35% in the first half of the year. – AFP
Fiona Bruce has been appointed as the UK Government’s new Special Envoy on Freedom of Religion or Belief (FoRB).
Bruce, a committed Christian, said the plight of young Christian girls like Leah Sharibu, kidnapped by militants in Nigeria, and Maira Shahbaz, forced into a marriage in Pakistan, would be priorities for her.
Welcoming the news on Twitter, Foreign Secretary Dominic Raab said: “Fiona Bruce is a champion for freedoms here and abroad.
“I look forward to working with her as the UK’s Envoy for Freedom of Religion or Belief to make sure everyone, everywhere is free to have and practise a faith, belief, or not, in accordance with their conscience.”
She succeeds Rehman Chisti who resigned earlier this year after the Government suggested it would break international law over Brexit.
Bruce said she was “honoured” by the appointment.
“There is much to do, and my post will be placed at the service of some of the most vulnerable people across the world, people like young girls Leah Sharibu from Nigeria and Maira Shahbaz from Pakistan, both brutally abducted from their homes and whose plights I was able to highlight recently in the House of Commons,” she said.
“This appointment comes in the light of continuing large scale horrors taking place – such as those against Uighur Muslims in China, Rohingya Muslims in Myanmar and Yazidis in Iraq and at a time when, as the late and much respected former Chief Rabbi, Jonathan Sacks stated, ‘the persecution of Christians throughout much of the Middle East, sub-Saharan Africa and Asia, and elsewhere, is one of the crimes against humanity of our time.’
“These are some of the most deeply concerning issues of our generation, on which it will be a privilege to engage as Special Envoy, both nationally and internationally, with others similarly concerned.”
Her appointment has been welcomed by CSW’s Founder President Mervyn Thomas, who said: “This appointment is wonderful news for all who work on freedom of religion or belief.
“Fiona Bruce has been unwavering, courageous and outspoken in championing this fundamental right since she became an MP in 2010, and we look forward to continuing to work with her in her new role.
“We would also like to thank Rehman Chisti MP for his work advancing the promotion and protection of freedom of religion or belief worldwide both during and after his time as FoRB envoy.”
Henrietta Blyth, CEO of Open Doors, said the Conversative MP has been a “champion” for minority religious groups.
“We are thrilled that a new special envoy has been appointed,” said Henrietta. “And we are delighted that it is Fiona Bruce – she has been a friend of Open Doors through the years and is a real champion for freedom of religion and belief,” she said.
“Freedom of religion and belief affects all religious groups and it’s great to see that the Government is open to appointing members of all religions to the role.
“Rehman Chishti MP was very energetic in pursuing the recommendations from the Bishop of Truro’s report to support persecuted Christians and we will look forward to continuing our work on this with Fiona.”
Dr David Landrum, the new director of Advocacy and Public Affairs at Open Doors UK & Ireland, said:
“This is a timely and important appointment. Fiona understands that the freedom to convert is at the heart of religious freedom and that religious freedom underpins all our other human rights and civil liberties.
“We look forward to working with Fiona as the UK government affirms its commitment to addressing the persecution of Christians across the world.
“We know that from her extensive campaigning work and her role on the Joint Human Rights Committee Fiona is not only very knowledgeable about the issues facing the persecuted church, but she also has both a heart for religious freedom and a vision to see things change.”
This year has been overwhelming, leaving many of us sad and anxious about what the future holds. In Pope Francis’ uplifting and practical new book “Let Us Dream” (written in collaboration with his biographer, Austen Ivereigh and published by Simon & Schuster, a ViacomCBS company), the preeminent spiritual leader explains why we must—and how we can—make the world safer, fairer, and healthier for all people now.
The following excerpt from “Let Us Dream” (available now) features reflections from Pope Francis on the toll the pandemic has taken on the elderly and ways we can all better serve these beloved members of our families and communities.
In every age people experience “hunger and thirst for righteousness” (Matthew 5:6), a cry that goes up from the margins of society. If we discern in such a yearning a movement of God’s Spirit, it allows us to open up to that movement in thought and action, and so create a new future according to the spirit of the Beatitudes.
For example, one sad sign of our times is the exclusion and isolation of the elderly. A significant number of all Covid-19 deaths have been in elderly care homes. Those who died were vulnerable not just because of their age but because of the conditions in many of those homes: underfunded, neglected, dependent on a high turnover of poorly paid workers. I often went to such homes in Buenos Aires, where the caregivers do an amazing job in spite of so many obstacles. I remember once them telling me that many of the residents hadn’t been seen by their relatives in at least six months. The abandonment of the elderly is an enormous injustice.
Scripture tells us that the elderly are our roots, our source, our sustenance. The prophet Joel hears God’s promise to pour out His Spirit to renew His people: “Your sons and your daughters shall prophesy, your old men shall dream dreams, and your young men shall see visions” (Joel 2:28). The future will be born from the conjunction of the young and the old. As Francisco Luis Bernárdez, an Argentine poet, puts it: “At the end of it all I’ve understood / that what on the tree flowers / lives from what is buried.”
A tree separated from its roots does not flower or fruit, but dries up. So here we have two ills with the same cause: the abandonment of the elderly deprived of the visions of the young, and the impoverishment of the young deprived of the dreams of the old; and a society that dries up, becomes fruitless, and sterile.
In the light of the Gospel and our Catholic social principles—solidarity, subsidiarity, option for the poor, universal destination of goods—it is impossible not to feel the need to put everything into overcoming that gap so that the generations encounter each other. How do we welcome the elderly back into families, restore their contact with the young? How do we give young people the roots so they can prophesy, that is, open spaces for themselves to grow in? Discernment comes in at this point: What does this mean for me and my family? What does this mean for our public policies? We might wonder the same about unemployed young people deprived of the chance to study, often drawn to the sad world of drugs.
We may feel a prompting of the Spirit to find out who are the lonely elderly nearby, and how with others I could offer them friendship. Or I might want to ensure that care homes are as much like families as possible, well funded and embedded in community. At a deeper level, we may wonder how we ended up in this situation, under pressure from jobs and families who convince people they cannot have the elderly living with them.
We see the reality, we discern, and we discover there a sign from God. We do not claim to have the answers, but applying the Gospel’s criteria and sensing the prompting of the Spirit, discernment allows us to hear the Lord’s invitation and to follow it. Our life becomes, as a result, richer and more prophetic, allowing us to respond with the depth that only the Holy Spirit can give us.
Jorge Mario Bergoglio was born in Buenos Aires, Argentina, on December 17, 1936, the son of Italian immigrants. He was ordained a priest in the Society of Jesus (Jesuits) in 1969 and made a bishop in 1992. He became Archbishop of Buenos Aires in 1998 and was named a cardinal in 2001. In March 2013 he was elected Bishop of Rome, the 266th pope of the Catholic Church.
Austen Ivereigh is a writer, journalist, and commentator best known for two highly regarded biographies of Pope Francis: The Great Reformer: Francis and the Making of a Radical Pope and Wounded Shepherd: Pope Francis and His Struggle to Convert the Catholic Church.
The Lieutenant Governor, Manoj Sinha today addressed the valedictory session of Indira Gandhi National Centre for Arts (IGNCA) and Deshkal Society on 3rd Edition of Bodh Gaya Global Dialogue on “Sustainable Development, Heritage and Enlightenment” through virtual mode here at Raj Bhavan.
Addressing the delegates on the occasion, the Lt Governor observed that the timeless teachings of Buddha have strong relevance even in contemporary times and are very important for thinkers and intellectuals because of the dynamic changes we are seeing in every field in today’s era.
Indians are known for their greeting to their guest in Sanskrit “अतिथि देवो भवः” Atithi devo bhava meaning “Guest is like God”. India’s culture and heritage are a rich amalgam of the past and the present.
Bodh Gaya is a cradle of Buddhism culture, Buddha teachings, and heritage and a unique location for seekers from India and abroad .
“The wisdom of Buddha, in essence, is a seed with the potential to grow and awaken the whole of humanity. Let us imbibe the wisdom of Mahatma Buddha and conserve and preserve our tangible and intangible heritage and society woven around it”, said the Lt Governor.
I am delighted to be a part of the deliberation on the important topic “Sustainable Development, Heritage and Enlightenment”. I believe that sustainable development caters both material developments of Individual, region, place as well as nourishment of the soul. In this context, our focus has to be on conservation, restoration of tangible heritage as well as dissemination of intangible legacy to kindle the center of humanity, the Lt Governor maintained.
While appreciating the efforts of the organizers for conducting Global dialogue, the Lt Governor observed that Bodh Gaya Global Dialogue is in fact a rare opportunity where people from different walks of life come together, in communion, with the spirit of oneness to promote Bodh Gaya as a World Heritage site, besides strengthening the relationship between Buddhist Pilgrimage in India and the South East Asian Nations.
The Republic of India is the seventh largest country in the world by area and, with over a billion people, is second only to China in population, although its much higher birth-rate makes it likely to reach pole position in less than ten years.
It is an extremely diverse country, with vast differences in geography, climate, culture, language and ethnicity across its expanse, and prides itself on being the largest democracy on Earth and a hub of trade in Southeast Asia. India provides a vast canvass for touring whether it may be cultural, adventure, religious, history, beach, wildlife and other forms.
The Lt Governor said that the religious places depict our beliefs, moral values, and cultural heritage and it is the responsibility of one and all to contribute their bit to preserve and redevelop them.
Highlighting the significance of Bodh Gaya, the Lt Governor said that Bodh Gaya is a source of spirituality, meditation, human welfare, and compassion.
“Bodh Gaya teaches the whole world the values of thought, analysis, faith, respect, and is a symbol of kindness and compassion for all living beings. Bodh Gaya is a cradle of Buddhism culture, Buddha teachings, and heritage and a unique location for seekers from India and abroad”, he observed.
The Lt Governor further lauded the efforts of IGNCA and Deshkal Society on various fronts for the multi-dimensional development of Bodh Gaya to strengthen relationships and build a strong and sustainable network between Bodh Gaya and South-East Asian Nations.
I am witnessing a great miracle happening for mankind through this initiative. The worshippers from Thailand, Myanmar, Cambodia, Laos, South Korea, Taiwan, and Vietnam, Japan, and eminent monks and scholars have been coming regularly to Bodh Gaya and are taking a lead in reviving and developing Southeast Asia’s rich ancient legacy, said the Lt Governor.
The Lt Governor also suggested linking Bodh Gaya, Rajgir, Sarnath with eminent places in East Asia for sustainable development of our collective heritage.
The Lt Governor said as per UNESCO ‘Bodh Gaya is of Supreme Value to the World’. The efforts put in by various stakeholders during recent years have led to the promotion of Tourism along with Ecological Sustainability, Livelihood Generation, besides massive transformation has been seen in the Civil Society group regarding Urban Heritage Planning.
Recalling the teachings of Lord Buddha, the Lt Governor said the total awareness comes with an empty mind and that is the state of Buddhahood. We all have that potential of Buddhahood and all we need is a little bit more awareness in our life, in our work, he added.
“I see this occasion as an opportunity to be more spontaneous, be ourselves and live and work compassionately for others too in order to eradicate inequality in society.”
“The message of Mahatma Buddha is to awaken people and show them how to live as pure consciousness and this is what IGNCA and Deshkal Society is doing through Bodh Gaya Dialogues. Be aware, be more loving, and be more compassionate, observed the Lt Governor.”
Canon Europe, the Middle East and Africa (EMEA) expands Ambassador Programme to over 100 leading international photographers and filmmakers including risings stars of the future – Book Publishing Industry Today – EIN Presswire
In a message launching the campaign, Secretary-General António Guterres said that despite tremendous benefits of fruits and vegetables, “we do not consume enough of them.”
“Fruits and vegetables are the cornerstone of a healthy and varied diet. They provide the human body with an abundance of nutrients, strengthen immune systems and help lower risks for a number of diseases,” he said.
“As the COVID-19 pandemic continues to affect the health and livelihoods of people across the world, we must come together to ensure that nutritious food, including fruits and vegetables, reaches the most vulnerable, leaving no one behind,” the UN chief added.
Mr. Guterres also drew attention to the strong links between food systems and sustainable development. He called on all stakeholders to make food systems more inclusive, resilient and sustainable, including through adopting a more holistic approach to production and consumption that benefits human and environmental health.
“Let us use this International Year to rethink our relationship with how we produce and consume food, and to re-examine our food systems and commit to a healthier, more resilient and sustainable world where everyone can access and afford the diverse nutrition they need.”
Consuming sufficient, or even more than the recommended amounts, of fruit and vegetables has many health and nutrition benefits. Rich in fibres, vitamins and minerals, fruits and vegetables are crucial for growth and development of children, and help boost immune systems.
They are also linked to lower risk of depression and anxiety, obesity and non-communicable diseases; promote gut health; and counter micronutrient deficiencies.
According to the World Health Organization (WHO), people should eat a minimum of 400 grams of fruits and vegetables daily, as part of a healthy diet.
Not eating enough
However, due to a number of factors, such as availability, affordability, or lack of knowledge and awareness, many people around the world consume less than that amount.
Against this background, Qu Dongyu, Director-General of the UN Food and Agriculture Organization (FAO) described the International Year as “a unique opportunity to raise global awareness.”
Speaking at a virtual launch event, on Tuesday, Mr. Qu also highlighted the role of digital technologies in reducing waste, improving nutrition and market opportunities.
He outlined the challenges in improving production and agrifood chains, and called on countries to use the International Year to improve infrastructure, farming practices thereby supporting small scale farmers.
Alongside, the also emphasized the importance of fruits and vegetables as a good way for farmers to generate more income.
UNICEF/Veronica Houser
Children learn about fruits and vegetables at a early childhood development centre in Rwanda. (file photo)
It will promote diversified, balanced, and healthy diets and lifestyles through fruits and vegetables consumption, reducing losses and waste in fruits and vegetables food systems, and share best practices.
Storms rolling in Ouagadougou. View of Place Memorial auz Heros Nationaux.
OUAGADOUGOU – A donation of € 4.2 million from the European Union (EU) contributed to WFP’s efforts to stave off a hunger catastrophe in Burkina Faso, where 2 million people are struggling to feed themselves due to the combined effects of conflict, climate shocks and the socio-economic impact of the coronavirus pandemic.
The EU’s contribution, made through the European Civil Protection and Humanitarian Aid Operations department (ECHO), has helped WFP ramp up its emergency response in 2020 to reach over 1.2 million people across the country with life-saving assistance.
“The EU’s humanitarian aid has been funding emergency food assistance in Burkina Faso since 2014, helping provide food assistance to both displaced and host communities,” said Delphine Buyse, who heads the EU’s Humanitarian Aid office in Ouagadougou. “Thanks to partners like the World Food Programme, we can support vulnerable populations throughout the year, and particularly during the lean season between harvest.”
Over one million people, having fled violence, are internally displaced and live in precarious conditions. Most of those forced to flee are subsistence farmers and livestock herders who have had to abandon their farms, homes, assets and livelihoods.
“Food insecurity reached unprecedented levels in this country and we are grateful that partners like the European Union stepped up to help save lives,” said Antoine Renard, WFP Country Director and Representative in Burkina Faso. “We were able to support people despite the volatile security situation, but the hunger situation is still precarious, and we must sustain such critical assistance.”
Support from the EU enabled WFP to provide timely food assistance to vulnerable communities during this year’s lean season – the period between June and August when food stocks are at their lowest while families await the next harvest.
“The white sorghum that we harvested last year ran out within four months,” said Awa Ganame, a 27-year-old mother of five in Oula commune. “We had nothing left and could not even eat twice in a day. The food assistance we received gave us energy to plant crops, hoping that the harvest is better this year.”
The contribution from the EU also allowed WFP to launch the United Nations Humanitarian Air Service (UNHAS) in Burkina Faso. UNHAS provides a crucial flight service to all humanitarian and development actors by facilitating access to hard-to-reach areas.
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The United Nations World Food Programme is the 2020 Nobel Peace Prize Laureate. We are the world’s largest humanitarian organization, saving lives in emergencies and using food assistance to build a pathway to peace, stability and prosperity for people recovering from conflict, disasters and the impact of climate change.
Follow us on Twitter @wfp_media @wfp_fr @wfp_europe
The EU bank to invest €65 million to support SMEs in the Western Balkans to save jobs and prepare to restart
The loan is extended to the ProCredit banks inSerbia, North Macedonia, Albania and Bosnia & Herzegovina to sustain the recovery and development of the private sector in the Western Balkans despite the pandemic
To date, the EIB has invested €4.1 billion in the SME sector in the Western Balkans, sustaining more than half a million jobs
The European Investment Bank (EIB) and the ProCredit group have agreed on a new €65 million credit line to support small and medium enterprises (SMEs) in the Western Balkans and to speed their recovery from the COVID-19 crisis. This transaction provides much-needed financing to companies in Serbia, Albania, North Macedonia and Bosnia & Herzegovina and addresses their working capital, liquidity and investment needs in the face of the ongoing pandemic. In parallel, the operation strengthens the regional banking sector and reinforces its ability to finance the economic recovery of the Western Balkans.
The EIB loan will help mitigate the economic shock caused by the COVID-19 pandemic, support companies, retain jobs and maintain small businesses across the region. The credit line is part of the European Commission’s €3.3 billion financial support package for the Western Balkans, out of which €1.7 billion from the EIB has been earmarked to support sustainable social and economic recovery in the region. The EIB loans towards the private sector follow Team Europe’s efforts to support the Western Balkans.
EIB Vice-President responsible for the Western Balkans, Lilyana Pavlova, said: “The COVID-19 impact is expected to be particularly harsh on SMEs, which account for about 73% of total employment in the Western Balkans. This operation comes at the right time to help the region alleviate economic recession, ensure employment and boost growth. As was previously the case, the EIB has once again expressed its firm support to advance development of the private sector towards convergence with EU standards and the creation of a strong common regional market with increased competitiveness and job opportunities. We are happy to have such reliable partners in the region such as ProCredit Bank. ”
The management of ProCredit Holding AG & Co. KGaA, the parent company of the ProCredit group, said:
“Thanks to the well-established relationships with our clients and partners such as the EIB, we have been able to provide efficient support to numerous SMEs during these turbulent months. This EIB credit line will help SMEs in the Western Balkans overcome short-term liquidity shortages and will provide support for their investment projects − while at the same time opening them up to new lines of business and opportunities.
We expect that economic recovery in the coming years will be stimulated by a structural shift towards investments that are climate-friendly as well as socially and ecologically sustainable.”
The credit line will be available to SMEs at the ProCredit subsidiaries in Serbia, North Macedonia, Albania and Bosnia & Herzegovina. To date, the EIB has invested €4.1 billion in SMEs in the Western Balkans, which has helped sustain over half a million jobs in the region.
Background information
About the EIB in the Western Balkans:
The EIB is one the leading international financiers in the Western Balkans. Since 2009, the Bank has financed projects totalling over €8 billion in the region.
The European Investment Bank is active in around 160 countries and is the world’s largest multilateral lender for climate action projects. The EIB Group has recently adopted its Climate Bank Roadmap to deliver on its ambitious agenda to support €1 trillion of climate action and environmental sustainability investments in the decade to 2030 and to deliver more than 50% of EIB finance for climate action and environmental sustainability by 2025. Also, as part of the Roadmap, from the start of 2021, all new EIB Group operations will be aligned with the goals and principles of the Paris Agreement.
About ProCredit Holding AG & Co. KGaA
ProCredit Holding AG & Co. KGaA, based in Frankfurt am Main, Germany, is the parent company of the development-oriented ProCredit group, which consists of commercial banks for small and medium enterprises (SMEs). In addition to its operational focus on South Eastern and Eastern Europe, the ProCredit group is also active in South America and Germany. The company’s shares are traded on the Prime Standard segment of the Frankfurt Stock Exchange. The anchor shareholders of ProCredit Holding AG & Co. KGaA include the strategic investors Zeitinger Invest and ProCredit Staff Invest (the investment vehicle for ProCredit staff), the Dutch DOEN Participaties BV, KfW Development Bank and IFC (part of the World Bank Group). As the group’s superordinated company according to the German Banking Act, ProCredit Holding AG & Co. KGaA is supervised on a consolidated level by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) and the German Bundesbank. For additional information, visit: www.procredit-holding.com.
About Team Europe and the COVID-19 response in the Western Balkans:
As part of the #TeamEurope strategy, the EU’s global response to COVID-19, the EIB Group has rapidly mobilised €5.2 billion outside the EU, accelerating financing and targeted technical assistance. For the Western Balkan countries, the EIB has prepared an immediate support package of €1.7 billion, primarily for SMEs and the healthcare sector. The total EU financial support package for the Western Balkans amounts to more than €3.3 billion. For more information: www.eib.org/en/press/all/2020-111-eib-group-to-contribute-eur1-7-billion-to-the-eu-s-covid-19-response-package-for-the-western-balkans
