About past, present and future of Ukraine

Search mobile

Main Business — FAO and EBRD plan to finance Ukrainian agricultural firms

Business

FAO and EBRD plan to finance Ukrainian agricultural firms

27 Sep, 2020
284
FAO and EBRD plan to finance Ukrainian agricultural firms

Share this article


The EBRD and FAO stand ready to support the development of agricultural cooperatives in Ukraine for a more inclusive, sustainable and profitable agriculture sector.


The new law on farmland property, approved by the Ukrainian parliament at the end of 2019, will start to be effective in June 2021.

An EBRD/FAO team comprising legal and technical experts helped design the law, which was later reviewed by leading international experts from the International Co-operative Alliance, the Canadian Co-operative Association, Rabobank and FAO’s legal team.

Many observers criticized some limits of the law, like the possibility to trade small lots and no direct access by foreign investors, which were produced by political negotiations among the parties in the Ukrainian Parliament.

Notwithstanding these limits, some experts believe that the new transparent law framework will revitalize the new land property market and attract investments in technology.

From this point of view, the official position by FAO and EBRD to support with their financial tools agricultural cooperatives in Ukraine is an indicator of future positive developments.

The Odessa Journal

The Odessa Journal

more articles

Top article

The Ministry of Defense has signed a contract for the construction of a service center for repairing drones in Ukraine
War

The Ministry of Defense has signed a contract ...

Dmytro Kuleba: Ukraine and Croatia have agreed to use Croatian ports for exporting Ukrainian grain
Business

Dmytro Kuleba: Ukraine and Croatia have agree ...

New sanctions: Defence industry, political parties and individuals linked to oligarchs
Business

New sanctions: Defence industry, political pa ...

Volodymyr Zelensky: We are preparing for the next Ramstein meeting, we expect solidly grounded decisions to meet the prospects on the battlefield
War

Volodymyr Zelensky: We are preparing for the ...