Ukrainian Farming Sector Gets EBRD Backing

The European Bank for Reconstruction and Development will extend USD30 million to Ukrainian agribusiness firm, Desnagrain, to help improve the country’s farming sector. The credit will be used to purchase farming inputs such as seeds and fertilizers as well as malting barley, other grains and oilseeds. Ukraine will also continue to develop and introduce new farming technologies through the program. (“EBRD supports Agricultural Commodity Production and Pre-harvest Financing in Ukraine” - European Bank for Reconstruction and Development, Nov. 13, 2008)