Homepage  Homepage     Search on site  Search on site     To write the letter  To write the letter     Site map  Site map
Agro Perspectiva
We are on: 
   
 


Home > News

EBRD enhances trade finance for Ukraine

27.04.2022 13:54 "Agro Perspectiva" (Kyiv) — Bank raises trade finance to Ukraine by over 40 per cent to provide wartime support and help avoid global food crisis

EBRD boosts trade finance support for Ukraine by EUR100 million

Part of increase focuses on food security, helping avert global food crisis

Support is part of EUR1 billion EBRD activity in Ukraine this year, with donors and partners

The European Bank for Reconstruction and Development (EBRD) is substantially increasing its trade finance offer for Ukraine to support both general trade and food security as the country grapples with keeping its economy working following its invasion by Russia.

These measures are part of EUR1 billion of activity that the EBRD intends to undertake this year in Ukraine, in cooperation with donors and other partners.

The latest increase raises to EUR330 million the envelope for Ukraine under the EBRD’s Trade Facilitation Programme, a rise of over 40 per cent since the war on Ukraine began on 24 February. Because this is a revolving facility, the facility will support at least ˆ500 million of export and import transactions by Ukrainian companies via ten EBRD partner banks, on an annual basis.

Part of the increase is focused on food security, helping avert a global food crisis in the autumn and next year, with the EBRD deploying its strength across its agribusiness work. As well as the trade finance increase, a dedicated food security package is currently being finalised.

The war has disrupted Ukraine’s entire supply chain, closing import-export routes via the country’s southern coast and to the north and east by land, and making it difficult for businesses to function normally, for farmers to plan crop financing, and for food retailers to keep shop shelves stocked. Nevertheless, an estimated 60–70 per cent of Ukraine’s economy is functioning and quickly adjusting to operating in a war, and it is essential to maintain the flow of working capital financing through the banking system.

The EBRD is helping to provide such financing by adding its investment-grade guarantee to trade finance instruments issued by Ukrainian partner banks under the export-import contracts of their clients.

To address urgent needs resulting from the war, the EBRD is prioritising five areas within the Ukrainian economy: trade finance, energy security, vital infrastructure, food security (covering provision of liquidity to farmers via banks for the spring sowing campaign as well as to agribusiness companies and food retailers) and providing liquidity to pharmaceutical companies. Investments in all areas will involve risk-sharing with partners.

The EBRD was swift to condemn the Russian invasion of Ukraine on 24 February and pledged to stand by Ukraine. In early April, the EBRD’s Board of Governors voted to suspend open-endedly the access of Russia and Belarus to EBRD finance and expertise, and the Bank is closing its offices in Russia and Belarus.

As well as a resilience package for Ukraine and neighbouring countries affected by the war, the EBRD has pledged to help finance Ukraine’s reconstruction once conditions permit.

The EBRD is a multilateral bank that promotes the development of the private sector and entrepreneurial initiative in 38 economies across three continents. The Bank is owned by 71 countries as well as the EU and the EIB. EBRD investments are aimed at making the economies in its regions competitive, inclusive, well-governed, green, resilient and integrated. Follow us on the web, Facebook, LinkedIn, Instagram, Twitter and YouTube.

Agro Perspectiva

< Coca-Cola will provide assistance to Ukraine for up to $15 mln All news for
27.04.2022
BASF to wind down activities in Russia and Belarus except for business that supports food production >

22.12.2024  
05:26 FAO transfers 185 generators, 6,474 grain hoses to Ukrainian farmers in 2024
03:53 The EU agri-food trade surplus increased by 15% in September 2024, reaching EUR 6 billion
19.12.2024  
09:05 World coffee production for 2024/25 is forecast 6.9 million bags higher
18.12.2024  
23:11 China’s Expanding Coffee Consumption
17.12.2024  
22:37 Bangladesh Soybean Import Recovery Expected to Continue
14.12.2024  
21:03 World apple production for 2024/25 is forecast to fall nearly 350,000 tons to 84.0 million
13.12.2024  
09:11 U.S. Fresh Pear Exports Fall on Historically Low Harvest
10.12.2024  
21:03 Indonesia Grain Imports to Subside after 2023/24 Record
08:14 Higher vegetable oil quotations drive up FAO Food Price Index, but lower cereal and sugar prices temper the rise
07:45 Cereal trade revised downwards amid weaker demand
02.12.2024  
23:17 Prime Minister: Some 50 partner countries have joined the humanitarian demining coalition
22:56 Norway pledges additional $4.5 mln to Ukraine's Grain from Ukraine initiative
01.12.2024  
03:30 EU agri-food trade slowed down in August 2024
26.11.2024  
00:06 Global sugar production, compared to last year, is estimated up 2.8 million tons to 186.6 million
24.11.2024  
04:43 During the Operation of Our Grain From Ukraine Program, We Have Managed to Save 20 Million People from Hunger – Zelenskyy
04:15 Ukraine Is Ready to Share Technologies, Military Experiences and Processing Methods with African Countries – the President
22.11.2024  
10:15 South Africa Sugar Production and Exports Estimated Down
19.11.2024  
23:04 Global Olive Oil Production Forecast to Rebound in 2024/25
22:47 Vitalii Koval discusses Ukraine's European integration with European colleagues
16:06 EBRD, European Union and United States help Kyiv prepare for winter
18.11.2024  
09:21 Agriculture Development Strategy 2030 – a roadmap to the EU
09:19 Ukrainian farmers have sown 96% of projected winter crop area
01.11.2024  
20:31 Ukraine has officially joined the International Fund for Agricultural Development
20:29 Ukrainian farmers harvested 63.7 million tonnes of grains and oilseeds
25.10.2024  
22:50 Agriculture hit hard: October port strikes rack up 30-40 million dollars in losses
21:04 Ministry of Agrarian Policy expects exports to rise in dollar terms
10:57 Ukrainian corn seed flows to Europe in further farm trade shift
24.10.2024  
23:02 Tree Nut Import Markets Highly Concentrated
23.10.2024  
11:18 Prime Minister UK warns Russian threat to global stability is accelerating as Putin ramps up attacks on Black Sea
15.10.2024  
09:35 Brazil Continues to Dominate Growth in Global Chicken Meat Exports in 2025
11.10.2024  
23:33 China Cottonseed Imports Show Strong Demand in Recent Years
20:30 India Removes Rice Export Ban, Spurring Additional Trade
30.09.2024  
17:27 List of agricultural machinery with cost compensation expanded to 11,300 items
29.09.2024  
20:21 1 in 11 people worldwide faced hunger in 2023, 1 in 5 in Africa If current trends continue, about 582 million people will be chronically undernourished in 2030, half of them in Africa
17:13 EU agri-food surplus increased in the first half of 2024
27.09.2024  
09:02 BASF presents new corporate strategy: BASF is setting a new direction for portfolio steering, capital allocation and performance culture
26.09.2024  
10:25 BASF sets new direction with corporate strategy and maintains high level of shareholder distributions
21.09.2024  
18:30 Three new sites recognized as Globally Important Agricultural Heritage Systems (GIAHS)
17.09.2024  
09:52 Cargill and Ducks Unlimited Working Together to Restore Watersheds Across North America
08:44 FAO calls for G20 cooperation as hunger targets continue to elude
06:40 FAO sees open trade as a cornerstone of global food security
13.09.2024  
07:08 U.S. Soybean Meal Hits 10‐Year High for Export Sales
12.09.2024  
21:26 U.S. Corn Exports Buoyed by Large Supplies
11.09.2024  
04:30 Global cereal production 2024 forecast on par with 2023 output, cereal trade likely to contract
06.09.2024  
11:35 FAO Food Price Index down marginally in August: lower sugar, meat and cereal quotations offset higher dairy and vegetable oil prices
10:34 Cargill acquires two US feed mills, strengthens production and distribution capabilities to grow with customers
05.09.2024  
09:23 PM: Plan to develop small generation facilities to reduce vulnerability to terrorism
30.08.2024  
05:03 Taras Vysotskyi discusses agricultural cooperation with Hungarian counterpart István Nagy
19.08.2024  
12:00 OTP BANK RECEIVED A $2.76 MILLION GRANT FROM USAID INVESTMENT FOR BUSINESS RESILIENCE ACTIVITY FOR CONCESSIONAL LENDING TO MICRO, SMALL, AND MEDIUM-SIZED ENTERPRISES
16.08.2024  
17:10 Cargill and Goanna Ag Pilot Irrigation Efficiency Technology on Mississippi Delta Cotton Fields

Also available: 


NewsNews - News - News - News - News - News
BriefWeekly Reports - Free article
SubscriptionTariff - News&Reports
AdvertisingMagazine - Site
ConferencesForum AGRO-2013 - DAIRY WORLD-2008 - FERTILIZERS-2010
Statistics
For our clientsAgroNewsDaily - Ukrainian Grain&Oilseed Market - Fertilizers - Milk Monthly - Milk Weekly
About usAbout project - Contact
2002 -2024 © Agrarika, ltd.
tel.: +380 67 4473802; +380 67 5964652
e-mail: client@agroperspectiva.com