World Bank Group, Switzerland, and Ukraine Roll out Innovative Financial Tool to Support Small Farmers

Date: 
08 Feb 2018

The World Bank Group, in partnership with the Swiss and Ukrainian governments, is rolling out a new financial instrument – crop receipts – across Ukraine to expand access to finance for small farmers, boosting agricultural productivity and supporting economic growth. 

Crop receipts are a pre-harvest financial instrument, successfully used in a number of countries, which allows farmers to use future harvests as collateral, enabling them to purchase high-quality seeds and other essentials. They are expected to facilitate up to USD 520 million for Ukraine’s agricultural sector over the next two years. The nationwide roll-out of crop receipts follows a pilot advisory project in eight Ukrainian regions.

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Country: 
Ukraine