World Bank approves agricultural loan of Ukraine to boost production

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world bank loan
World Bank approves agricultural loan of Ukraine for agricultural production.

World Bank approves the $200-M loan of Ukraine to further improve its agriculture sector through the Program-for-Results (PforR) program.

The Program-for-Results (PforR) on Accelerating Private Investment in Agriculture program opens opportunities to small and medium enterprises in agriculture. Furthermore, it targets policies, transparency, and efficiency of agricultural lands in exporting products to the market. Also, it aims to boost the sector’s competitiveness and diversification.

These financial loans by world bank will allow farmers to cope with the increasing demand in food production and guarantees economical return in production.

Source: UKR Inform | Photo by Geralt, Pixabay

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