Ukraine expects to receive $200 mln from World Bank for agricultural programs

Ukraine expects to receive $200 mln from World Bank for agricultural programs

Ukrinform
Ukraine expects to receive $200 million from the World Bank under the Payment by Results (PbR) program for the agricultural sector.

This issue was discussed during a meeting of Acting Agrarian Policy and Food Minister of Ukraine Maksym Martyniuk with representatives of the World Bank before the opening of the largest trade fair International Green Week in Berlin, an Ukrinform correspondent reported with reference to negotiators.

“We discussed a new format entitled Payment by Results (PbR). We are in negotiations on the program and the results we want to achieve. Based on the talks, we receive funding from the World Bank in the amount of $200 million,” the sources close to the negotiation process said.

They explained that they were talking about a loan that would be provided directly to the Finance Ministry. It will be distributed among the main areas of agriculture: land relations, food security, forestry.

At the moment, the structure of the program is being formed and coordinated with all bodies. The final result will be by February 2019 after the WB Board of Directors held a meeting.

The entire program is calculated for three years.


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2019 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period:
-