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EBRD channels USD 40 million to support Ukrainian grain farmers

Project to provide pre and post-harvest financing, support export operations

22 April 2014

The EBRD is providing a loan of up to USD 40 million to over 30 farms and elevators across Ukraine owned by NCH New Europe Property Fund L.P. (NEPF). The proceeds will be used to finance the pre and post-harvest working capital needs of the farms as well as to support their grain export operations over the next three seasons. The farms are expected to achieve a significant reduction of CO2 emissions and greater energy efficiency.


VOA/J. Brooke

 
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