KIEV, UKRAINE — The European Bank for Reconstruction and Development (EBRD) is investing €7 million in the farming and grain storage operations of Ukraine’s Grain Alliance Group.
The working capital loan will support Grain Alliance’s operations that have been affected by the coronavirus (COVID-19) pandemic. It will allow the group to implement an investment program aimed at the expansion of its grain storage facilities and the introduction of energy efficiency measures.
Technical assistance for this project is provided by the government of Japan.
The EBRD launched two solidarity packages in response to the COVID-19 crisis and now expects to dedicate its total business investment of up to €21 billion in 2020-21 to overcoming the economic impact of the crisis.
Follow our breaking news coverage of the coronavirus/COVID-19 situation.