Tag Archives: Support

IFC, EU, and the Netherlands Back Ukraine’s Astarta to Boost Jobs, Agriculture, and the Economy

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  • New $40 million financing package to establish Ukraine’s first soy protein concentrate plant
  • Funds de-risked with guarantees from the EC’s Ukraine Investment Framework and the government of the Netherlands in support of IFC’s Economic Resilience Action (ERA) Program
  • Investment to create jobs, enhance agri-competitiveness, and diversify exports

Kyiv, Ukraine, May 14, 2025—IFC today announced a $40 million investment in Astarta, a leading Ukrainian agricultural group, to support the construction of the country’s first soy protein concentrate plant. The investment is in line with an up to $80 million financing package approved by IFC’s Board of Directors on April 1, 2025. The project is expected to boost employment, enhance agricultural productivity, and drive economic growth.

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Ukraine; Supporting and Opportunities

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Russia’s invasion of Ukraine continues to inflict a devastating toll on the country and is780-ukraine-030722 causing serious global repercussions. Ukraine’s recovery, reconstruction, and operating needs are staggering. According to the recent Rapid Damage and Needs Assessment (RDNA2), the estimated cost of Ukraine’s recovery and reconstruction stands at $411 billion over the next decade. For 2023, Ukraine is facing an additional funding gap of $11 billion for critical economic and capital expenditures. The highest needs are in transport (22%), housing (17%), energy (11%), social protection and livelihoods (10%), explosive hazard management (9%) and agriculture (7%).

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World Bank Group Announces Up to $12 Billion Immediate Support for COVID-19 Country Response

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As COVID-19 reaches more than 60 countries, the World Bank Group is making available IDAan initial package of up to $12 billion in immediate support to assist countries coping with the health and economic impacts of the global outbreak. This financing is designed to help member countries take effective action to respond to and, where possible, lessen the tragic impacts posed by the COVID-19 (coronavirus).

Through this new fast track package, the World Bank Group will help developing countries strengthen health systems, including better access to health services to safeguard people from the epidemic, strengthen disease surveillance, bolster public health interventions, and work with the private sector to reduce the impact on economies. The financial package, with financing drawn from across IDA, IBRD and IFC, will be globally coordinated to support country-based responses.

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