Ukraine will join the International Fund for Agricultural Development

It is expected that this will facilitate the access of agricultural producers to new financial resources for the development of agriculture.

The Verkhovna Rada of Ukraine approved the accession of Ukraine to the Agreement on the establishment of the International Fund for Agricultural Development. This is reported in the press service of the Ministry of Agrarian Policy.

According to forecasts of the Ministry of Agrarian Policy, Ukraine’s accession to the International Fund for Agricultural Development will allow Ukrainian farmers to receive inexpensive financial resources. In particular, we are talking about low-interest loans or grants directed by the Fund to research and implementation of innovative technologies in agriculture.

Ukrainian farmers will also have access to the Fund’s database and will be able to use its latest intellectual and technical developments in the agricultural sector.

In addition, Ukrainians will be able to get better opportunities to participate in the Fund’s tenders for the purchase of goods and services for the implementation of programs.

In general, joining the International Fund for Agricultural Development will strengthen the image of Ukraine as one of the largest producers and exporters of agricultural products on the world market and an active participant in global efforts to fight hunger. It will also strengthen political dialogue and support from the Fund at international political forums, the Ministry of Agrarian Policy claims.

The day before, USM wrote that against the backdrop of a massive change of personnel in the Cabinet of Ministers, the head of the State Property Fund, Vitaliy Koval, was recommended for the post of Minister of Agrarian Policy and Food of Ukraine.