IFC’s partnership with Sandora, a rising Ukrainian agribusiness company, shows how much a combination of investment and technical assistance can do to build a local firm’s competitiveness and development impact.
In the 2010 fiscal year IFC provided $75 million in long-term financing to Mriya, Ukraine’s seventh-largest agricultural producer, to help it double production of wheat and other agricultural commodities.
March 7, 2010 -- Leading insurers of Ukraine, supported by IFC, established the Agri-Insurance Bureau-- a pool of insurance companies that join their resources to provide quality insurance services to farmers and improve their access to....
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.