Ukraine Farmers (IFC-50643)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Ukraine
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
May 16, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Soufflet Agro Ukraine LLC, InVivo Group SA
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Guarantee, Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 76.41 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 70
Converted using 2025-04-07 exchange rate.
Loan Amount (USD)
$ 54.58 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 50
Converted using 2025-04-07 exchange rate.
Project Cost (USD)
$ 98.25 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 90
Converted using 2025-04-07 exchange rate.
Other Related Projects
Primary Source

Original disclosure @ IFC website

Updated in EWS Apr 29, 2025

Disclosed by Bank Apr 7, 2025

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the IFC, the proposed IFC investment consists of (i) two risk-sharing facilities (RSF) to Soufflet Agro Ukraine CJSC in Ukraine to partially guarantee up to €30m of its receivables from Ukrainian farmers and up to €10m of its receivables from global buyers of Ukrainian grain; and (ii) a loan of up to €50m to InVivo Group SA, a Soufflet Agro Ukraine’s parent entity in France, to provide capex and working capital financing for the operations of its direct and/or indirect subsidiaries in Ukraine.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the IFC, SouffletAgro Ukraine CJSC, based in Ukraine, is a subsidiary of InVivo Group, based in France. InVivo Group is a leading agribusiness player in Europe owned by Union InVivo. Union InVivo is a union of cooperatives in France.

InVivo is a mission-driven group, leading global agricultural conglomerate active in agriculture, international grain trade, malt processing, agri-food, and retail, employing 15,000 people in 40 countries. InVivo originates over 10 million tons of grains (primarily barley and wheat) from thousands farms across Africa, Central Asia, Europe, and South America.

Soufflet Agro Ukraine, founded in 2007 in Ukraine, originates grain (e.g., wheat, barley, soybean, oil crops) from Ukrainian farmers and supplies it to export markets and partly to InVivo’s malting plant in Ukraine (Slavuta Malt House), one of the 41 Soufflet Malt plants. Soufflet Agro Ukraine employs about 190 people and has multiple warehouse facilities with 160k tons storage capacity.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
Invivo Grp Parent Company Agriculture and Forestry owns Soufflet Agro Ukraine Client Agriculture and Forestry
Union Invivo USCA Parent Company Agriculture and Forestry owns Invivo Grp Client Agriculture and Forestry

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

General IFC Inquiries - IFC Communications:

Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Telephone: +1 202-473-3800
Fax: +1 202-974-4384

Parent Company and Client - InVivo Group:

Pierre BONNERY/ Matthieu DUVAL - Group Treasury and Financing
Phone: +33 1 40 66 20 66 / + 33 1 40 66 23 14 / +33 6 85 91 92 48
Email: financement_groupe@invivo-group.com
Address: 83 Av. de la Grande Armée, 75016 Paris, France
Website: https://www.invivo-group.com/en   

Local Access for Project Documentation - SouffletAgro Ukraine CJSC:

Attention: Ms. Tetiana Yatsenko
Address: St. B. Khmelnytskoho, 43, p. Krupets, Slavutsky district, Khmelnytskyi region, 30 068, Ukraine

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org

How it works

How it works