EBRD: Land market reform is historic opportunity for Ukraine

“We [EBRD] are also obviously completely in favour of reforming the land market. This is a historic opportunity [for Ukraine]. That is why we want to make sure it is implemented correctly and the right safeguards are put in place,” Patrone posted on Facebook after the meeting with Economic Development, Agriculture and Trade Minister of Ukraine Tymofiy Mylovanov.

According to him, Ukrainians deserve to have transparent and fair agricultural land market and to be defended from corruption and abuse.

On November 9, EBRD Managing Director for Eastern Europe and Caucasus Matteo Patrone said at the Kyiv International Economic Forum that the implementation of land reform in Ukraine in haste might cause irreversible mistakes.

As reported, the ban on farmland sales was introduced in Ukraine in 2001. Since 2002, the moratorium has been extended repeatedly. In December 2018, the Verkhovna Rada of Ukraine extended the moratorium on farmland sales until January 1, 2020.

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