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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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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The Challenge
Vinnytsya, a traditional fruit-growing region of Central Ukraine, produces 10% of the country’s gross fruit output, having inherited tens of thousands of hectares of Soviet-era fruit plantations. However, many farms still operate with the management and inefficient operations of the centralized system, leading to poor business planning, poor access to finance, and low quality and productivity. Without changing their business practices, these farms will be less able to take advantages of the opportunities presented in the market.
The IFC Approach
The project identifies promising farms, and works closely with these farms to support their management and technical skills. Experience gained from work with pilot farms is made available to the broader sector through consultations, training seminars, and practical demonstrations. To ensure that these farms will find a real market for their products, the project has partnered with large fruit processors in Vinnytsya to encourage improvements and address the key challenges in the supply chain. It is also working with local financial institutions and stakeholders, to provide farms with greater access to credits to expand and modernize.
Achievements to Date as of July 1, 2008
- Worked with Agrana Fruit to help the company develop a $30 million investment plan in local apple orchards for 2008-2012
- Assisted client farms to increase management and efficiency, helping clients increase annual revenue by more than $4.7 million
- The project worked with 8 local banks to increase their interest in lending to the fruits sector, and helped them to properly manage horticulture lending risks
- Helped pilot and client farms to increase their own investments into new plantations, investing a total of $4.5 million in 339 ha of new fruit orchards
- Currently working with the World Bank to amend legislation relating to land sale and lease
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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