Ukraine receives $132M from World Bank for agricultural sector

This is said in a statement published on the website of the Ukrainian Finance Ministry, Ukrinform reports.

It is noted that the loan funds were transferred to the general fund of the state budget of Ukraine following the implementation of measures envisaged as part of the Accelerating Private Investment in Agriculture Program.

“The raised funds will allow us to continue maintaining the financial stability of Ukraine and to reimburse priority expenditures, in particular in the agricultural sector, which will have an impact on the food industry and food security of Ukraine,” said Ukrainian Finance Minister Sergii Marchenko.

The loan funds were provided within the framework of the loan agreement (Accelerating Private Investment in Agriculture Program) between Ukraine and the International Bank for Reconstruction and Development (IBRD).

As reported, the loan agreement under the Accelerating Private Investment in Agriculture Program between Ukraine and the International Bank for Reconstruction and Development (IBRD) was concluded in August 2019.