World Bank welcomes "successful first reading" of bill on farmland sale in Ukraine

Medium_1544791584-2100
Photo: Reuters
UNIAN | 15 November 2019 

World Bank welcomes "successful first reading" of bill on farmland sale in Ukraine 

The World Bank has welcomed the "successful first reading" of a bill on farmland sale in Ukraine.

"The World Bank Group congratulates the Ukrainian Leadership on the successful first reading of the law to lift the moratorium on agricultural land sales," it said in a statement on Facebook on November 13.

"This was an important first step towards the opening of the agricultural land market and unleashing Ukraine’s agricultural potential to the benefit of all Ukrainians." 

"We look forward to the positive adoption of the law, and passage of the accompanying laws that prevent concentration of land ownership and ensure transparency," the World Bank added.

As UNIAN reported earlier, a bill designed to launch the farmland market in Ukraine from October 1, 2020, passed its first reading on November 13.

According to World Bank forecasts, the opening of the agricultural land market may annually inject an additional US$700 million to US$1.5 billion into the Ukrainian economy.
  •   UNIAN
  • 15 November 2019
  • Sign the petition to stop the deployment of police/military and criminalisation of peasants struggling for their land against oil palm plantation company in Buol Regency, Sulawesi, Indonesia

  • Who's involved?

    Whos Involved?

    Carbon land deals




  • 17 Nov 2024 - online
    Webinar zu Landgrabbing: Die globale Jagd auf Boden
  • Languages



    Special content



    Archives


    Latest posts