IFC, EU, and the Netherlands Back Ukraine’s Astarta to Boost Jobs, Agriculture, and the Economy
The Netherlands is pleased to contribute to the construction of the first soy protein concentrate plant in Ukraine by Astarta, a leading Ukrainian agricultural group.
A $13 million concessional loan from the government of the Netherlands is part of a total of $40 million investment in Astarta by IFC via the Economic Resilience Action (ERA) Program for Ukraine.
This week, the Ambassador of the Netherlands to Ukraine, Mr Alle Dorhout, took part in the official signing ceremony of the project between IFC and Astarta, a project that aims to support recovery, create jobs, diversify export and strengthen resilience.
Investments
The recovery of Ukraine’s agribusiness sector and expanding exports of higher value-added products is very important, and this investment will play a significant role.
IFC’s investments in Ukraine are essential—especially during the war phase —to enable the critical recovery of the Ukrainian economy. International financial institutions, notably IFC as part of the World Bank Group, are vital in this regard.
The Netherlands will continue to support Ukraine, its economy and the agricultural sector.