Kiev, Ukraine, July 7, 2011—IFC,
a member of the World Bank Group, signed an agreement with the Ukrainian
State Agency for Energy Efficiency to promote more efficient use of energy
and other resources in the country’s agribusiness sector, enhancing its
competitiveness and helping protect the environment.
The IFC Cleaner Production Program in Ukraine and the Agency will launch
an awareness campaign and create a knowledge-sharing platform for entrepreneurs
to promote best practices in resource management and use of renewable energy
in the agribusiness sector.
“Improvements in energy efficiency and use of renewable energy are key
to modernizing Ukraine’s economy,” said Mykola Pashkevych, head of the
Ukrainian State Agency for Energy Efficiency. “The Agency is responsible
for implementing government policy in the sector, and our task is to drive
positive changes and serve as the main information exchange point for all
market players. We hope that IFC’s global expertise will help us to do
this more quickly and efficiently.”
Elena Voloshina, IFC’s Head of Operations in Ukraine, said, “Development
of Ukraine’s agribusiness sector is a key part of IFC’s regional strategy
because of its high potential for growth, employment, investment and exports.
We have already invested nearly $500 million in the agribusiness sector
in Ukraine and are committed to continuing our support.”
In agribusiness IFC supports the entire value chain from farm production
to collection, processing and distribution. The five-year IFC Cleaner Production
Program was launched in Ukraine in 2010 and is a part of a larger regional
initiative aimed at improving resource efficiency in Europe and Central
Asia. The program is being implemented in Ukraine in partnership with the
Agency for International Business and Cooperation of the Netherlands Ministry
of Economic Affairs, Finland’s Ministry of Foreign Affairs, and Germany’s
Free State of Saxony.
IFC, a member of the World Bank Group, is the largest global development
institution focused on the private sector in developing countries. We create
opportunity for people to escape poverty and improve their lives. We do
so by providing financing to help businesses employ more people and supply
essential services, by mobilizing capital from others, and by delivering
advisory services to ensure sustainable development. In a time of global
economic uncertainty, our new investments climbed to a record $18 billion
in fiscal 2010. For more information, visit www.ifc.org.