EBRD ready to double funding for projects in agriculture
2011-03-17 16:54:53
The European Bank for Reconstruction and Development (EBRD) is ready to double funding for projects in Ukraine's agricultural sector (the EBRD invested more than USD 150 million in agriculture in Ukraine in 2010), but everything depends on the demand from private investors and whether they are willing to invest in future.
He said that USD 40-80 billion should be invested in Ukraine in order to realize the potential of the Ukrainian agricultural sector. This is not only investment in grain production, but also in infrastructure - storage facilities and ports, he said. The only source from which the necessary capital can come is the private sector, he added.
Ukraine currently has a unique opportunity to become one of the major food suppliers in the world, but for this goal, the grain sector needs an inflow of large volumes of long-term private capital.