Representative of the IFC (International Finance Corporation) in Ukraine, Vadim Kodryan said that the corporation continues to express interest in the country's export-oriented industries - namely in its fruit and vegetable cultivation and production of dairy products.
Ukraine has been an IFC member since 1993, with over US$1.1 billion worth of investment from the IFC in 45 projects.
The IFC, who has 182 member countries worldwide, has also said that they intend to keep funding Ukrainian export transactions, and replenishing Ukrainian agricultural companies' circulating assets.
In the long run, the IFC aims to help the Ukrainian agricultural sector in: carrying out land reforms, and integrating its agricultural producers into the global community of agricultural suppliers.
One of the IFC projects committed to the agricultural sector is its Ukraine Agri-Insurance Development Project. Since 2007, the project has been working with different companies to facilitate the development of the agri-insurance sector.
This came after the news that between January and October 2009, 80.7% of agricultural and forest enterprises in Ukraine recorded total profit amounting to UAH 98.5 million (US$12.4 million), according to the State Statistics Committee.
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