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Support Continues for Ukrainian Grain Sector

24 October 2013

UKRAINE - More than 200 influential experts, from the Ukrainian grain industry participated at the Fourth Ukrainian Grain Congress in Kiev yesterday.

The Congress, promoted by the Food and Agriculture Organization of the United Nations (FAO) and the European Bank for Reconstruction and Development (EBRD), builds on the success of the Initiative for Joint Action to support the development of the grain sector in Ukraine, started in 2011.

The key part of the Congress was a roundtable – “Effective dialogue between agribusiness and the authorities” – organised by the FAO, the EBRD, the Ministry of Agriculture Policy and Food of Ukraine and the Ukrainian Grain Association. The roundtable focused on the activities and achievements of the Ukrainian Grain Sector Working Group, related government policies, and sector expectations for the marketing year of 2013-14.

The Congress participants voiced their appreciation of the work done by both the FAO and the EBRD, aimed at supporting the transparent dialogue between public and private players in the Ukrainian grain sector.

Dmitry Prikhodko, Economist in the FAO Investment Centre, has facilitated the policy dialogue: “We are glad to see commitment and responsibility of the grain industry and the Ministry of Agricultural Policy and Food of Ukraine to continue the dialogue. The Working Group has become a sustainable mechanism of the dialogue already.”

It was also agreed that the Grain Sector Working Group will function under the guidance of the Ukrainian Grain Association, to ensure sustainable sector policy dialogue.

The Congress is further evidence that continued policy dialogue in the Ukrainian grain sector enjoys widespread multilateral support. “Working with all parties is a powerful way to leverage our effort, which is particularly important to bring about sector reforms”, stated Gilles Mettetal, EBRD Agribusiness Director. Continued support and investments in the sector are crucial, for a country which has the potential to produce around 80 million tonnes of grain every year, and which is aiming to become a leading global food supplier, and therefore play a key role in addressing global food security.

Since the inception of the Initiative for Joint Action, in 2011, the EBRD has provided over US$300 million to grain sector companies in Ukraine, while more than US$ 800 million of private investments have been additionally mobilised in the sector.

The EBRD is the largest financial investor in Ukraine. As of 1 September 2013 the Bank had committed more than €8.6 billion (US$11.6 billion), through 327 projects, in Ukraine.

TheCropSite News Desk

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