Economy

Ukraine Seeks Loan from World Bank to Support Agriculture

Ukraine Seeks Loan from World Bank to Support Agriculture

The Ukrainian Ministry of Agriculture announced that "the government began discussions with the World Bank on Tuesday regarding a loan of $700 million to provide support for the agricultural sector during this and the next year." The ministry stated in a message on Telegram that "the funds are necessary for small farmers and food producers." The agricultural sector is a key driver of Ukraine's economy, which has been severely affected by the Russian invasion.

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