On 25 January, the European Fund for Southeast Europe (EFSE) committed to provide the equivalent of €20 million in Ukrainian hryvnia to its newest partner, Credit Agricole Bank, a key provider of financial services to the agricultural sector in Ukraine.
The investment will enable Ukrainian agricultural producers and farmers to finance in local currency. This will facilitate over 3,000 sub-loans and support approximately 9,000 jobs.
“By facilitating loans in local currency, we are, together, investing in the stability and the long-term viability of agricultural businesses, that are one of the main drives of Ukraine’s economy,” said EFSE Board Chairperson Klaus Müller.
EFSE, an impact investment fund established in 2005, aims to foster economic development and prosperity in Southeast Europe and the Eastern Neighbourhood Region by investing in micro and small enterprises as well as living conditions for private households.
Find out more
Interested in the latest news and opportunities?
This website is managed by the EU-funded Regional Communication Programme for the Eastern Neighbourhood ('EU NEIGHBOURS east’), which complements and supports the communication of the Delegations of the European Union in the Eastern partner countries, and works under the guidance of the European Commission’s Directorate-General for Neighbourhood Policy and Enlargement Negotiations, and the European External Action Service. EU NEIGHBOURS east is implemented by a B&S Europe-led consortium. It is part of the larger Neighbourhood Communication Programme (2020-2024) for the EU's Eastern and Southern Neighbourhood, which also includes 'EU NEIGHBOURS south’ project that runs the EU Neighbours portal.