The European Bank for Reconstruction and Development (EBRD) is providing €53.3M in loan financing to two banks and one company to strengthen food security during the war in Ukraine. The EBRD promotes food security by concluding risk-sharing agreements with individual local banks and leasing companies. The EBRD will cover the share of risks under agreements with ProCredit Bank, OTP Bank, and OTP Leasing, which total €30M. According to the EBRD, the risk-sharing instruments will increase the ability of local financial institutions to provide financing to private Ukrainian companies operating in critical agricultural sectors such as growing and processing crops, the food industry, transportation, and imports.
The EBRD is allocating €53M for food security in Ukraine.
EBRD unveils the €2B resilience package in response to the war on Ukraine.