With interest rates from commercial banks stubbornly high, the World Bank’s International Finance Corporation is stepping in with $42.5 million in low interest loans

With interest rates from commercial banks stubbornly high, the World Bank’s International Finance Corporation is stepping in with $42.5 million in low interest loans to two Ukrainian ag producers. Astarta will borrow $30 million to modernize its sugar plants, to buy modern farm machinery and to build grain silos. Pork producer Nyva Pereyaslavschyny will borrow $12.5 million to build a new pig farm, a rendering plant capable of recycling 50 tons of waste a day, and a meat-processing facility designed to comply with EU standards for food safety and animal welfare.