IFC, EU, and the Netherlands Back Ukraine's Astarta to Boost Jobs, Agriculture, and the Economy
Ukraine, May 14 -- IFC announced a $40 million investment in Astarta, a leading Ukrainian agricultural group, to support the construction of the country's first soy protein concentrate plant. The investment is in line with an up to $80 million financing package approved by IFC's Board of Directors on April 1, 2025. The project is expected to boost employment, enhance agricultural productivity, and drive economic growth.The financing package includes a $27 million loan for IFC's own account and a $13 million concessional loan from the government of the Netherlands. IFC's financing is backed by guarantees from the European Commission's Ukraine Investment Framework, and the government of the Netherlands in support of IFC's Economic Resilience ...
To read the full article or to get the complete feed from this publication, please
Contact Us.