UKR/ EBRD SUPPORTING UKRAINE’S AGRIBUSINESS SECTOR

The European Bank for Reconstruction and Development (EBRD) is lending a €29 million loan
 ($40 millions) to Ukraine’s agribusiness sector, which is directed to support farmers as well as
 agricultural commodity companies.

 A press release said the loan will help “to finance the pre and post-harvest working capital
 needs of the farms as well as to support their grain export operations over the next three
 seasons”.
 
 Also, the aim of the loan is “to achieve a significant reduction of CO2 emissions and greater
 energy efficiency in Ukraine’s agribusiness sector”.
 
 The EBRD is the largest financial investor in Ukraine. As of 1 April 2014 it has committed €8.9
 billion through 326 projects in various sectors. In 2013 alone, Ukraine has benefited over €160
 million from the EBRD.
 
The EBRD was established in 1991 in response to major changes in the political and economic climate in central and Eastern Europe following the fall of the Berlin wall. The EBRD finances projects, primarily in the private sector, that serve the transition to market economies and pluralistic democratic societies. The Bank is owned by 61 countries, the European Union and the European Investment Bank...(link)