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International Monetary Fund. External Relations Dept.

During his recent trip to four African countries for discussions with political and financial leaders, IMF Managing Director Rodrigo de Rato also met with civil society organizations. In one case, in particular, the meeting was rather unusual. In a village on the outskirts of Niamey in Niger, de Rato visited the Women’s Dairy Cattle Project, a nongovernmental organization of women who raise cows for milk production. With children watching from the sidelines, the village leaders told de Rato about purchasing the cows with micro-financing from the

Nicoletta Batini
France is the top agricultural producer in the European Union (EU), and agriculture plays a prominent role in the country’s foreign trade and intermediate exchanges. Reflecting production volumes and methods, the sector, however, also generates significant negative environmental and public health externalities. Recent model simulations show that a well-designed shift in production and consumption to make the former sustainable and align the latter with recommended values can curb these considerably and generate large macroeconomic gains. I propose a policy toolkit in line with the government’s existing sectoral policies that can support this transition.