Creating Opportunity Where It's Needed Most
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Ukraine Investment Climate Advisory Services Project

Investment Climate for Agribusiness in Ukraine



January 1, 2012 - January 1, 2015

Supported with funds from the government of Switzerland


The Project aims to improve the business environment in the agriculture sector by developing transparent and consistent regulations to create a more attractive investment climate for domestic and foreign investors, leading to sustainable future growth of the sector.

The Challenge

Agriculture and the food industry are important for the Ukrainian economy, accounting for about 15 percent of GDP and offering significant employment in rural areas. Ukraine has the necessary conditions – natural resources, appropriate climate, arable land, ice-free seaports and a rich agricultural heritage – to become a leading producer and exporter of agricultural commodities in the world. 

However, the gap between potential and actual performance is high, as shown by international comparisons. Cumbersome regulatory constraints contradict international best practice; lack of transparency and the often ad hoc nature of policies are among the key factors preventing Ukraine from attracting the investment needed to spur development and growth.


IFC Approach

A three-tier implementation approach will be used to achieve the Project’s objectives:

  • Legislation and policy dialogue. Specific and selected support to develop new legislation and improve existing laws to ease conditions of doing business and improve the investment attractiveness and competitiveness of agriculture and agribusiness in Ukraine.
  • Monitoring and evaluation. Monitor the business environment and the impact of reforms on key stakeholder groups by conducting surveys and performing other empirical research and assessments.
  • Awareness and stakeholder involvement. Increase awareness about and participation in planned and enacted reforms among key stakeholders by various outreach activities and information campaigns.

Results as of September 2012

  • Helped draft one law
  • Proposed to improve/eliminate 58 procedures, practices and procedures.

More information about the project can be found in the Project leaflet. 

 

 

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