CURRENT PROJECTS
Ukraine Agri-Insurance Development Project
Ukraine Corporate Governance Mediation Pilot Project
Ukraine Business Enabling Environment Project
Ukraine Energy Efficiency Survey Project
Vinnytsya Fruit Supply Chain Development Project
COMPLETED PROJECTS
CURRENT PROJECTS
Ukraine Energy Efficiency Survey Project
2008 – present
Supported with funds from the Saxon Technical Assistance Trust Fund and IFC
The main goal of the project is to assess the current market for energy efficiency financing in Ukraine and to raise awareness among local financial institutions, small and medium enterprises (SMEs), and policy makers about existing opportunities for energy efficiency financing in the country. Similar surveys have been conducted in Russia, Armenia, Azerbaijan, Georgia, and Belarus.
By identifying best practices in SME energy efficiency and finance, the survey will also provide benchmarks with other countries and might lead to a more comprehensive program to increase energy efficiency in Ukraine and the region.
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Ukraine Corporate Governance Mediation Pilot Project
2008 – present
Supported with funds from the International Finance Corporation
The project is designed to achieve cost and time savings for small, medium, and other enterprises by providing them with an opportunity to effectively resolve their disputes effectively through mediation, and is implemented in cooperation with the Kyiv-Mohyla Business School (kmbs). The project will introduce corporate governance-related mediation to Ukraine through training local mediators and mediating pilot cases on the basis of the Ukrainian Mediation Center established by kmbs. IFC and kmbs will work together to raise awareness among Ukrainian businesses that mediation can be an efficient dispute resolution method and complement the judicial system. The project is also developing a training program on mediation and alternative dispute resolution that will be introduced into the kmbs curriculum.
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Ukraine Agri-Insurance Development Project
2007 - present
Supported with funds from the Canadian International Development Agency (CIDA)
The project will facilitate the development of the agri-insurance sector in Ukraine by working with key regulatory, institutional and commercial partners. The project will help improve the regulatory environment for agri-insurance, develop the capacity of insurance companies and work directly with farmers in a pilot implementation program.
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The Challenge
Development of agri-insurance is hindered by poor understanding of risk management in the farm sector, weak technical capacity of insurance companies, the lack of actuarially-sound insurance products, limited or no access to re-insurance, and lack of trust by farms towards insurance in general. The inability to effectively manage risk at the farm level consequently limits the ability of farms to access finance and grow their operations.
The IFC Approach
The project will work across multiple levels to help build the agri-insurance sector. It will partner with state agencies to help develop a strategic plan for agri-insurance in Ukraine, promote improvements in the regulatory environment, and facilitate development of sector representative structures. The project will also help build the technical and management capacity of insurance companies, and work with pilot farms to implement the new insurance products. To ensure broader awareness of the need for agri-insurance, the project will also engage in a public education campaign.
Achievements to Date as of July 1, 2008
- Identified the main barriers to the legislative environment for the development of agri-insurance, and established relationships with 6 government institutions to address reform
- Prepared a series of white papers covering all the key development issues to be addressed
- Created a sector development strategy using a participatory process with a wide involvement of the stakeholders from both public and private sectors
- Held 3 training events for 136 participants on agricultural insurance
- Launched a nationwide information campaign to disseminate knowledge about agri-insurance among end users
Vinnytsya Fruit Supply Chain Development Project
2005 - present
Supported with funds from the Government of Austria
The project helps strengthen the fruit supply chain in central Ukraine, by working closely with fruit farms to build sustainable linkages with large fruit processors in the region. The project assists local farms to improve farm management and efficiencies, develop good business practices and access finance to meet the increased demands for high-quality fruit in the region.
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Ukraine Business Enabling Environment Project
www.ifc.org/sme_ukraine
2005 – present
Supported with funds from the Canadian International Development Agency (CIDA), the Ministry of Economic Affairs of the Netherlands, the Swedish International Development Cooperation Agency (Sida)
The project works to create a favorable environment for the development of small and medium businesses and to improve the overall investment climate in Ukraine.
The main objectives of the project are: to streamline and simplify business inspections and business permits for SMEs; simplify technical regulations (standardization, certification), monitor the business environment through representative surveys; conduct outreach, information and advocacy work to ensure adoption and implementation of reforms.
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