KYIV. May 28 (Interfax-Ukraine) – Public joint-stock company Agrarian Fund, jointly with the Finance Ministry, is studying the possibility of raising UAH 2.2 billion for forward grain purchases in 2015.
“The Agrarian Fund has prepared a program and wants to find a chance of raising almost UAH 2.2 billion jointly with the Finance Ministry. They have an idea of issuing bonds to attract foreign funds,” Agricultural Policy and Food Minister of Ukraine Oleksiy Pavlenko said at a press conference in Kyiv on Thursday.
Pavlenko also said the Agrarian Fund has restricted working capital, but despite this the fund managed to finance UAH 780 million in advance payments under forward contracts.
Pavlenko added that the national budget does not foresee an increase of expenses in Agrarian Fund programs.
He went on to say that last year around UAH 2.2 billion was left in accounts Brokbusinessbank.