EBRD agrees working capital loan to Ukraine’s Grain Alliance

In:

Agriculture/food chain

Region:

Europe

The European Bank for Reconstruction and Development has agreed a €7 million working capital loan to the farming and grain storage operations of Ukraine’s Grain Alliance Group.

The funds will allow the group, which cultivates over 50,000 thousand hectares of land in northern Ukraine, to withstand the impact of the COVID-19 pandemic and enable Grain Alliance to implement an investment programme aimed at the expansion of its grain storage facilities and the introduction of energy efficiency measures.

Technical assistance for this project is provided by the government of Japan.

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