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    Reference: 20150476
    Release date: 9 October 2015

    Promoter – Financial Intermediary

    Ministry of Finance of Ukraine, eligible financial institutions

    Location

    Description

    Loan to Ukraine to finance the upgrading of cereals, oil seeds and aquaculture, as well as fisheries value chains.

    Objectives

    The EIB loan will primarily support SMEs along the target value chains. Key investment gaps to be addressed include agricultural field machinery; drying, storage, processing and logistics capacity; and investments in aquaculture and cold chain infrastructure in the fish sector. The loan will also be available for investment in public sector infrastructure, such as testing laboratories, research and vocational training facilities and fish stock monitoring capacity that supports the sustainable flow of produce from producer to consumer along these value chains.

    Comments

    The project is expected to be supported further by the EU through grants made available by its Neighbourhood Investment Facility (NIF) for blending and capacity building purposes. This operation is covered by the EU Guarantee for EIB loans outside the EU.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 400 million

    Total cost (Approximate amount)

    Not applicable.

    Environmental aspects

    The project aims to have a positive impact on the rural economy as well as on the environment and public health. The limited size of the sub-projects to be financed will ensure that any negative environmental and social impacts are limited and that these can be managed with appropriate mitigation measures. Selection of financial intermediaries will focus on their capacity and procedures to ensure alignment of the sub-projects with the Bank's environmental and social policy, which is based on the principles of EU regulations.

    Procurement

    The Bank will require the promoter(s) to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.

    Status

    Signed - 28/12/2015

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Ukraine Credit lines