IFC, Austria, and Bayer Partner to Increase
Ukraine Farm Productivity
Kiev, Ukraine, July 3, 2013 – IFC, a member of the World Bank Group,
and Bayer announced today an innovative partnership to modernize agriculture
in Ukraine, enhancing the country’s farming potential and boosting global
The new IFC advisory project is supported with funds from the Austrian
Ministry of Finance. Bayer will provide farmers broader access to agricultural
knowledge, technologies, and agricultural inputs such as improved seeds
and innovative crop protection solutions. As a key private sector partner
of the project, the company aims to increase productivity at targeted farms,
creating an example for the entire sector.
“The main goal is to achieve a more sustainable way of growing crops at
the quantities we need to help advance food security,” Liam Condon, Bayer
CropScience CEO, said at the project launch event in Kiev. “We are supporting
farmers in Ukraine and worldwide by providing them with tools, technology
and training, helping to raise both agricultural productivity and environmental
compatibility. This new partnership is another example of how Bayer CropScience
leverages the potential of collaboration in modern agriculture.”
Jesper Kjaer, IFC’s Head of Advisory Services in Europe and Central Asia,
said, “Small and medium-sized farmers represent around 60 percent of the
agricultural land in Ukraine. Our new initiative aims to help them become
more competitive and efficient so they can increase production in a sustainable
manner. Our work in Ukraine is part of our regional effort to develop agribusiness,
which is one of the most important sectors for generating employment in
The six-year advisory project, called Sustainable Development of Small
and Medium-Sized Farms in Ukraine, aims to upgrade and modernize the country’s
agricultural production by making the most innovative technologies and
high-tech solutions available. These solutions will include sustainable
farm management practices, remote crop-sensing technologies, and precision
The new advisory partnership with Bayer follows an earlier engagement during
which IFC, Bayer, and two leading Ukrainian banks partnered to develop
a risk-sharing facility to expand access to finance for Ukrainian farmers
and make high-quality crop protection products more affordable.
IFC is committed to helping Ukraine maximize its agribusiness potential
and has so far invested over $600 million in the country’s farming sector.
In agribusiness, IFC supports the entire value chain, from farm production
to collection, processing and distribution. It also offers an extensive
advisory program, including projects focused on improving food safety standards,
maximizing resource efficiency and developing the agri-finance and agro-insurance
market in Ukraine.
IFC, a member of the World Bank Group, is the largest global development
institution focused exclusively on the private sector. We help developing
countries achieve sustainable growth by financing investment, mobilizing
capital in international financial markets, and providing advisory services
to businesses and governments. In FY12, our investments reached an all-time
high of more than $20 billion, leveraging the power of the private sector
to create jobs, spark innovation, and tackle the world’s most pressing
development challenges. For more information, visit www.ifc.org.
Bayer in Ukraine is a part of the global concern Bayer AG which consists
of three sub-groups: Bayer HealthCare, Bayer CropScience, Bayer MaterialScience.
Bayer CropScience - one of the world's leading innovative companies in
the field of crop protection, seeds and biotechnology. In Ukraine Bayer
company has been working since 1992. For more information, visit www.bayer.ua.