EBRD, under the guarantee of the Netherlands, allocated €25M to support Ukraine’s agriculture

On January 24, 2023, it became known that the European Bank for Reconstruction and Development (EBRD), under the guarantee of the Kingdom of the Netherlands, provides 25 million euros to support agrarian business in Ukraine and ensure global food security.

Source: The European Bank for Reconstruction and Development

“The Netherlands, an EBRD founding member and an important donor to the Bank’s efforts in Ukraine, is providing a €25 million funded guarantee to support private companies operating in critical agri-related industries, whether it be farming or food processing, transport or imports,” explained the European Bank for Reconstruction and Development.

The agreement on the guarantee was signed on January 24, 2023, in London by the Deputy Director of Foreign Financial Relations, Dutch Ministry of Finance, Robin Uyterlinde, and the Managing Director of the EBRD, Ines Rocha.

“It is important to support Ukraine’s economic resilience in this unjustified war. By supporting Ukraine’s agribusiness sector we also enhance food security around the world, including in many developing countries,” noted the Dutch Ministry of Finance Robin Uyterlinde.

See also: EBRD allocated €372M to repair the energy infrastructure of Ukraine

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