KYIV. Feb 27 (Interfax-Ukraine) – The agrarian receipts project has helped farmers to attract over UAH 467 million thanks to the issue of 80 receipts from the moment when the pilot project was launched in 2014, Ukraine’s Agricultural Policy and Food Ministry has reported.
“Today agrarian receipts are available in eight regions and show good results. The documents allowed farmers to raise over UAH 467 million. No bankruptcy case was recorded,” Deputy Minister Olena Kovaleva said.
She said that now the ministry is working on the creation of a national register of agrarian receipts. This will help to extend the project to the entire territory of Ukraine. Today preparatory work to organize a tender to create the register has been finished. The register will be introduced by late September 2017 with support of the International Finance Corporation (IFC).
“It is planned to select the designer of the register in March and April. The functionality of the resister will be tested and the test launch will be organized in May through August. I hope that by the end of September we would have a full-featured national register. This would help to extend the project and attract more funds to the agricultural sector,” Kovaleva said.
As reported, the agrarian receipts project in Ukraine is being introduced by a member of the World Bank Group – IFC – in partnership with Switzerland. Practical use of agrarian receipts in Ukraine started in 2014 in Poltava region.
In September 2015 they were expanded to three regions – Kharkiv, Cherkasy and Vinnytsia, and in 2016 four more regions were added – Mykolaiv, Sumy, Ternopil and Khmelnytsky. A total of 49 agrarian receipts have been implemented and 23 are being implemented.
