EBRD Supports USD 8 mln Food Sec Loan to Ukrainian Agri Firm

World

As part of its efforts to boost food security in wartime Ukraine, the European Bank for Reconstruction and Development is backing more than half the risk of a USD 8 million loan to Astarta Group, one of the country's major agricultural and food processing businesses.

The EBRD's risk-sharing instruments enhance local financiers' capacity to provide access to finance for Ukrainian private companies operating in critical agri-related industries, whether farming or food processing, transport and imports.

Russia's full-scale invasion of Ukraine, which began on February 24, came just ahead of the spring sowing season in this major agricultural economy, which supplies farming produce around the world.

This loan will help Astarta secure sufficient working capital financing for a successful crop farming and sugar production season.

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