Ukraine started the implementation of the Program for Accelerating Private Investment in Agriculture. The loan agreement under the project was concluded on August 27, 2019, with the International Bank for Reconstruction and Development. The loan amounts to USD 200 million and the funds will be attracted to the general fund of the state budget.
On May 20 this year, after Ukraine's domestic legal procedures, the loan agreement entered into force.
The implementation of the Program for Accelerating Private Investment in Agriculture will allow Ukraine to ease certain restrictions on the way to increasing the participation of the private sector, in particular, small and medium enterprises (SMEs), in the agricultural market and the Ukrainian commodity market.
To achieve the goal of the Program the following measures are planned:
Project activities will be implemented by the Project Executors: Ministry of Economic Development, Trade and Agriculture, Ministry for Communities and Territories Development, Ministry of Justice, StateGeoCadastre, State Service of Ukraine for Food Safety and Consumer Protection, in accordance with the Strategy to Promote Private Investment in Agriculture until 2023, approved by the Cabinet of Ministers of July 5, 2019 No 595-p.