In Ukraine, a project of partial guarantee of loans in the agricultural sector is being implemented
Updated Jan 25, 2023
In Ukraine, the process of implementation of the World Bank project "Strengthening the Fund for Partial Guarantee of Credits in Agriculture" continues, the press service of the Ministry of Agrarian Policy of Ukraine reported. "The goal of the project is the initiation of activities and development of the Fund for the partial guarantee of loans in agriculture with the aim of providing assistance in improved access to financing for subjects of micro-enterprises, small and medium-sized enterprises, natural persons - entrepreneurs conducting activities in the field of agriculture", - the ministry noted. As mentioned, the peculiarity of agriculture in Ukraine is that its production is seasonal and the turnover of advanced capital is slow. Therefore, the normal functioning of the industry without the involvement of credit resources of banks is impossible in modern conditions. Limited access to financing, in particular to bank loans due to high interest rates for their use, lack of ...