Uzbekistan's financial sector lacks the skills and tools needed to serve the country's sizable agricultural market. But IFC's Central Asia Agri-Financing Project is advising local financial institutions and helping develop effective lending products.
The fine dining establishments of Knightsbridge and the Champs Elysees may soon be serving their well-to-do customers Ukrainian chicken. Backed by a $50 million IFC loan, Ukraine’s leading poultry producer is set to expand into European markets
Seventy percent of the world's poor live in rural areas and agriculture represents the single most important source of employment in emerging markets. IFC has made agribusiness a global priority because of its development impact and strong role in poverty reduction. Agribusiness is also a priority for IFC in Europe and Central Asia where countries such as Ukraine offer tremendous potential to become leading producers and exporters of agricultural products. IFC supports businesses across the entire agricultural supply chain, working with farmers, producers, traders, and consumers.
As of June 30, 2012, IFC's agribusiness portfolio in Europe and Central Asia stood at $1 billion.
IFC advisory programs are helping to strengthen agricultural supply chains, increase food safety, develop agri-insurance, and improve access to finance for farmers and entrepreneurs.