EY Ukraine is acting as an advisor to the International Finance Corporation (IFC, member of the World Bank Group) Project "Ukraine Agricultural Capital Markets Development". The collaboration focuses on developing a regulatory framework to support the implementation of the Law of Ukraine ‘On Agrarian Notes’ to become effective on January 1, 2025.
The agricultural sector stands as a cornerstone of Ukraine's economy. Enhancing financial accessibility within this sector has the potential to boost productivity and profitability, as well as elevate the quality of materials and inputs utilized.
The purpose of the Law of Ukraine "On Agrarian Notes" is to introduce a new financial instrument for lending to agricultural production, which allows using the advantages of the capital markets and the depository system of Ukraine.
Throughout the duration of the project, EY will focus on developing:
- The operational procedure for the Agrarian Notes Register in Ukraine;
- Protocols for electronic communication between the Agrarian Notes Register, Ukraine's depository system, and state registers;
- The methodology for recording non-certificated securities within the Ukrainian depository accounting system.
Furthermore, the project involves the coordination of a series of informative training sessions covering various aspects of agrarian notes transactions, specifically tailored for farmers, banking institutions, and companies engaged in providing loans to farmers.
About EY
EY exists to build a better working world, helping to create long term value for clients, people and society and build trust in the capital markets.
Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform, and operate.
Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data, and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. For more information about our organization, please visit ey.com
About IFC
IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2023, IFC committed a record $43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org. Stay Connected with IFC on social media
