The creation of a private farmland market could boost Ukraine’s GDP growth by up to 1.6 percent annually

The creation of a private farmland market could boost Ukraine’s GDP growth by up to 1.6 percent annually, Satu Kahkonen, the World Bank’s country director for Belarus, Moldova and Ukraine, tells reporters. The ability to buy and sell farm land and use it as bank loan collateral could generate between $700 million and $1.5 billion dollars in additional economic activity.