Kyiv, Ukraine, May 23, 2018
—IFC, a member of the World Bank Group, is investing up to $12.5 million in Nyva Pereyaslavshchyny, a leading Ukrainian pork producer, to support its expansion and help create jobs, modernize Ukraine’s meat production sector, and boost sustainable agriculture.
IFC is providing long-term debt financing to support Nyva’s investment program, which includes constructing a new meat-processing facility that will become one of the country’s first to comply with European Union standards for food safety and animal welfare. The company will also build a new pig farm and a rendering plant capable of recycling up to 50 tons of waste every day, helping to reduce its environmental footprint.
This is IFC’s second investment in Nyva, one of the country’s leading pork producers. It is expected to create about 300 jobs.
“IFC has been instrumental in helping us grow over the past several years by providing long-term financing when loans with such tenors were not available from Ukrainian banks and economic situation in the country was challenging,” said Oleksander Mostipan, Chairman of Nyva Group. “This partnership also helps us improve operational efficiencies, increase production and market share, and, ultimately, benefit consumers.”
Pork production in Ukraine remains inefficient and highly fragmented, with many smaller producers lacking sufficient quality controls. The new project is part of IFC’s strategy to help unleash the potential of Ukraine’s agribusiness sector and enable the country to play a more significant role in global food security.
“Agribusiness is a priority for IFC globally, and Ukraine is very important to our strategy in the sector,” Stephanie von Friedeburg, IFC’s chief operating officer, said during a signing ceremony in Kyiv. “Our continued partnership with Nyva will help show other industry players the value and benefit of implementing improved processing practices and sustainability across their operations.”
IFC has invested over $1 billion in Ukraine’s agribusiness sector to support projects across the value chain, boost innovation, and help producers enter new export markets. IFC’s advisory teams are also working with the government and the private sector to help streamline business regulations, boost access to finance for farmers, open new markets, modernize supply chains, and improve competitiveness through better standards and resource efficiency.
About IFC
IFC—a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In FY17, we delivered a record $19.3 billion in long-term financing for developing countries, leveraging the power of the private sector to help end poverty and boost shared prosperity. For more information, visit
www.ifc.org
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