IFC’s $2 million loan will help Kvarlis Baga purchase additional facilities and more than triple its daily fresh milk production from 3 tons to 10 tons, and make the firm Georgia’s leading fresh milk producer.
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.
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.
In the 2014 fiscal year alone, IFC invested around $790 million in different agribusiness projects across the region, boosting the region’s food production and helping global food security.
IFC's agribusiness portfolio in Europe and Central Asia grew to $2 billion as of June 30, 2014, up from around $1.3 billion just two years ago.
IFC is also implementing an extensive advisory program in the agribusiness sector, working to simplify business regulations in the industry, improve access to finance for farmers, modernize agricultural supply chains, and help improve producers’ competitiveness and open new markets for them.