Two Ukrainian legislators have blocked the signing of the law lifting the long-standing ban on farmland sales, which was voted overnight Tuesday in a bid to unblock IMF funding.
Ukrainian lawmakers voted on Tuesday to lift a ban on the sale of farmland that has stood for nearly two decades, clearing one of the hurdles needed to unlock an $8 billion loan package from the International Monetary Fund.
Le parlement ukrainien a définitivement voté dans la nuit de lundi à mardi une loi autorisant la vente de ses fertiles terres agricoles, notamment à leurs exploitants, une condition clé pour le déblocage d'une aide financière du FMI.
Ukrainian President Volodymyr Zelensky's Office says they have amended the farmland market bill to limit land purchases per person to 100 ha and delay allowing legal entities to purchase lands of up to 10,000 ha until 2024
Kiev pourrait tomber en défaut de paiement si le gouvernement ne reçoit pas une aide financière du Fonds monétaire international pour laquelle la privatisation des terres agricoles est exigée
The IMF is said to be making the passage of a law to privatise farmland a condition for emergency assistance to Ukraine to help it cope with the coronavirus pandemic.
UkrLandFarming has been facing hard times due to complicated situation around its owner Oleh Bakhmatyuk, a Ukrainian businessman who is active in several businesses including agriculture, mass media, and finance.
A Mongabay investigation traces the rise and fall of a billion-dollar agribusiness cartel in Eastern Europe, finding it relied on money laundering, tax avoidance and state capture.
Une bousculade entre députés a éclaté jeudi au Parlement ukrainien, qui a commencé à examiner en dernière lecture un projet de loi controversé autorisant la vente des fertiles terres agricoles.
Support for land reform under the agreement will be carried out under the indirect management of the World Bank.
The document says that only individuals who are citizens of Ukraine, legal entities established by citizens of Ukraine, the state, and local communities can be players on the farmland market.
The government initially planned to allow foreigners to buy farmland from 2024, but Zelensky, under pressure from opponents, has promised a referendum on this.
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