Bloomberg | Jul 1, 2011
By Kateryna Choursina
The European Bank for Reconstruction and Development doubled its credit line to UkrFarm Funding Ltd. to $40 million to support farming in Ukraine.
The expansion will allow for loans to over 70 agriculture companies in northern Ukraine, EBRD said in e-mailed statement today. Ukrainian Agrarian Investments owns UkrFarm.
The investment is expected to improve land use and farm yields and boost UkrFarm’s arable land to 300,000 hectares (714,316 acres) by 2013 from 250,000 hectares, according to the statement.
