The IFC Corporation invests in the Ukrainian agricultural sector about $ 300 million

The IFC Corporation invests in the Ukrainian agricultural sector about $ 300 million

24.02.2016 News

The IFC Corporation invests in the Ukrainian agricultural sector about $ 300 millionThe head of the representation of the IFC said that the company annually invests approximately $ 200-300 million in the Ukrainian agriculture. This year the amount will remain the same.

At this stage, the corporation, as a long-term investor, has suspended its capital investment. This year not many people risked to make serious long-term investments.

The head of the representation noted that the IFC focused on export and import operations, as well as on the development of new products financing in hryvnias. Also the work with the Raiffeisen and Bayer was expanded.

“Land-owning classes are not satisfied, neither with small amounts of funding, nor with the change of tax regime”, – she added.

The  International Finance Corporation is  a financial institution, the part of the World Bank. Its headquarters is located in Washington (USA).

It was founded in 1956 to ensure a stable flow of the private investment in the developing countries.

The President of the World Bank Group is also the President of the IFC. The operational management is carried out by the executive vice-president (since October 2012 – Jin Yong Kai).

The IFC’s shareholders are 184 countries, including the United States (23.65% of the vote), Japan (5.87%), Russia (3.39%).

The IFC coordinates its activities with other organizations that are the part of the World Bank Group, but is legally and financially independent organization.

Source: finance.bigmir.net

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