USAID to invest technical aid for $20 million in Ukraine's agro-industrial complex over 5 years

2011-10-28 14:55:15

USAID Agroinvest technical assistance project funded by the U.S. Agency for International Development will be implemented in Ukraine from 2011 to 2016. Its total budget is $20 million, according to a deputy project manager, Oleksandr Kaliberda.

"The aim of the project is to restore economic growth in the agricultural sector of Ukraine on the basis of the development of competitive agro-business of various legal forms and proportions," he said.

In addition, he said, the project aims to strengthen the export potential of Ukraine as a member of the Global Food Security Initiative.

The project also aims to help Ukrainian farmers to better understand and defend their land rights and thoughtfully dispose of their property to enhance the welfare of their families and the whole of Ukraine.

USAID Agroinvest operates in three areas: maintaining a stable regulatory environment that will promote the development of a free market economy; promoting farmers' access to financing; facilitating the development of market infrastructure for small and medium-sized producers.