According to the Bank's website, the project provides advisory services to address issues impeding the facilitation of refinancing opportunities and access to international or domestic liquidity for creditors of agriculture in Ukraine. To achieve the objective the project will focus on (1) creating an enabling legislative and regulatory environment; (2) financial sector capacity building; (3) conducting public awareness and outreach campaign to promote access to capital market finance by increasing awareness of crop receipts and other agricultural receivables securitization among key stakeholders in Ukraine and abroad.
The project aims to facilitate agricultural capital market development in Ukraine, which will increase liquidity in sector and create refinancing opportunities for creditors providing loans to farmers. Building upon the successful implementation of crop receipts financing instrument, the project will design and pilot securitization of agricultural receivables originated from crop receipts and other reliable sources as an instrument to access liquidity from international and domestic capital markets. Refinancing will enable creditors to expand lending to Ukrainian farmers, improving their access to finance. Thus, contributing to the growth of productivity and profitability of the agricultural sector, which plays a very important role both in terms of GDP and employment in Ukraine.
Launched by IFC, a member of the World Bank Group, this advisory project is implemented in partnership with the Swiss Secretariat for Economic Affairs SECO.
PROJECT CONTACT INFORMATION
Not available at the time of disclosure.
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