1	"The agricultural sector from NEFCO’s..." The agricultural sector from NEFCO’s perspective
2	"NEFCO" NEFCO a regional international financial institution established in 1990 by the 5 Nordic countries has as its purpose to promote cost effective solutions to reduce the environmental load from the adjacent region finances projects primarily in the Baltic Sea region and in NW Russia mainly focuses on small and medium sized projects provides equity financing, loans, soft loans, contingency financing and in some cases grants
3	"AGRICULTURE – ENVIRONMENT" AGRICULTURE – ENVIRONMENT - The agricultural sector is a significant source of emissions (primarily nutrients and pesticides) - In the Baltic Sea the nutrient load is the single most important element of the environmental load - In all countries of the Baltic Sea region agricultural emissions remain a problem
4	"-" - Experience shows that it is difficult and time-consuming to reach significant reductions of agricultural emissions - A wide range of measures is required involving development of best practice methods & investment in appropriate equipment and technology
5	"NEFCO ACTIVITIES" NEFCO ACTIVITIES - A limited number of pilot & demonstration projects in the agricultural production and food industry sectors - Positive experience from successful Polish program (NEFCO involvement through NEDF grant and EC-Phare-LSIF grant managed by NEFCO)
6	"- Small scale loan scheme..." - Small scale loan scheme for Estonia, Latvia, Lithuania under preparation in co-operation with the World Bank, GEF and Swedish BAAP - Development of agricultural credit is of importance as a means of non-subsidized financing. Subsidies will always cover only part of the costs - All financing (subsidies as well as loans) should integrate sustainability criteria - Effective monitoring important for fulfilling sustainability
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