IFC is to boost agricultural sector of Ukraine in spite of macroeconomic crisis.
The International Finance Corporation (IFC) is ready to maintain the amount of investment in Ukraine’s agriculture in 2016 and inject about 200 million in the country’s agrarian projects, according to head of IFC’s operations in Ukraine Elena Voloshina.
“Agribusiness is one of the drivers of the Ukrainian economy. In spite of the macroeconomic crisis, many companies in the sector have been demonstrating stable work. We expect that this year agribusinesses will remain a key sector that will help Ukraine return to economic growth,” IFC’s press service quoted Voloshina as saying.
“One of the problems that are obstacles to the development of the sector is limited access to finance, especially in the current situation. We are committed to ensuing better access to the finance. As of today, IFC is one of the largest foreign investors in the Ukrainian agricultural sector. Last year we invested about US$200 million in the sector. The funds were used to support such projects as MHP, Niva Pereyaslavshchyny, Astarta,” she said.