IFC ready to invest USD 60mln in Ukraine's agrarian sector.

By bne IntelliNews December 14, 2009
The International Finance Corporation ( IFC ) announced plans to invest USD 60mn in Ukraine's agrarian projects in 2009/2010 Marketing Year, says Vadym Kodryan, an investment advisor for the agribusiness unit of the IFC office in Ukraine. "We are also ready to buy into the equity capital of companies, but on the condition that other shareholders will share the risks with us and will invest in development," he added. According to Kodryan, today only three agrarian projects are in active stage with the IFC Board of Directors having made a positive decision on. "Another 3-4 projects have interested the corporation and they are being studied now," he underlined. When selecting the projects, the IFC will mainly focus on the financial statements (transparency, profitability), social and environmental significance of a project. Kodryan also explained that the project financing, suspended in 2008, was temporary and the goal was to study the global crisis effects. In mid 2009 it was decided to finance the programs, including agrarian sector development.

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