This project is still under review by the EWS. Project information and/or project analysis may be incomplete.
UKR IC Agri & CP (IFC-584508)

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
Canceled
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
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."
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
Not Disclosed
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.
Primary Source

Original disclosure @ IFC website

Disclosed by Bank Mar 13, 2015


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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.
The project is structured into four policy components, which reflect the project objectives: <br>1. Regulation of agricultural input markets. The ultimate goal is to align the national regulation with the EU practice and ease the access to modern inputs (with the focus on seeds and crop protecting agents) for agricultural producers. Results will be measured in terms of compliance cost savings. Additional indicators will be finalized during the first year of the project activity, in particular to try to capture some of the benefits accrued to farmers. <br>2. Regulation of post-harvest storage and handling investments (focusing on grains and fruit/vegetables). The ultimate goal is to simplify the process of construction and further operating of storages, as well as process of harvest transportation, and increased investment in storages. Impact measures are i) compliance cost savings for storage investors and ii) increase in storage investment. <br>3. Food safety regulation. The goal is to align the national regulation with the EU rules, so domestic producers could get access to the EU market, to ease the regulatory burden on food producers. <br>Regulatory simplification impact will be measured in terms of compliance cost savings. <br>4. Regulatory environment for resource efficiency in agribusiness. The goal is to simplify procedures related to agri-waste processing and producing of renewable energy. <br>Impact will be measured by the value of i) compliance cost savings and ii) access to cheaper electricity. <br>5. There will be a cross cutting component on Awareness and Public-Private Dialogue in Agribusiness to accomplish the Objective 5. <br>The results of this activity will be classified as outputs and will contribute to impacts of the objectives 1-4 and measured by the number of awareness events and the number of participants. <br>The approach of objectives 1-4 will follow IFC?s standard process for regulatory simplification: <br>(i) Use Standard Cost Model methodology to measure administrative burdens imposed by regulations on businesses; <br>(ii) Conduct a legal analyses; <br>(iii) Provide comprehensive recommendations to the government on streamlining non-aligned or complex regulations; <br>(iv) Provide detailed recommendations to the government on cancellation of illegal or unjustified regulations; <br>(v) Provide detailed recommendations to the government on any regulatory gaps / areas of non-harmonization with key export market requirements; <br>(vi) Provide detailed recommendations to the government on ensuring sustainability of the regulatory policy; <br>(vii) Direct regulatory improvement activities will be complemented by outreach and monitoring to raise awareness among the private and public sectors, and to support implementation of regulatory changes enacted with IFC assistance.
People Affected By This Project
People Affected By This Project refers to the communities of people likely to be affected positively or negatively by a project.
The project ability to impact the agribusiness sector will be assessed through a focus on results measurement (through surveys and other types of monitoring). Lessons learned in project implementation will be tracked by the project and shared with the client, donor, and the rest of the organization through the involvement of the Investment Climate Global Agribusiness team. Project impact will be tracked through compliance cost savings (hereafter: CCS) in each agribusiness supply chain. In addition to this target, the project will track indicators that test the effect of applying sectoral regulatory simplification to the specific problems faced by agricultural producers. Indicators and targets will be finalized within the first year of project implementation. The project ability to impact the agribusiness sector will be assessed. Lessons learned in project implementation will be tracked and actively shared with the rest of IFC.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

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.
ACCOUNTABILITY MECHANISM OF IFC 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/

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How it works