The agreement, under which the International Bank for Reconstruction and Development (IBRD) will provide $200 million for the Program-for-Results on Accelerating Private Investment in Agriculture, was signed on Tuesday by Ukrainian Finance Minister Oksana Markarovva and World Bank Country Director for Belarus, Ukraine and Moldova Satu Kahkonen.
The Finance Ministry said on its website that the attraction of the loan would allow creating a public agricultural register and open access to it, conduct stocktaking for state-owned land and place information about it in the public land cadastre, create methods for developing land utilization plans for amalgamated territorial communities and produce topographic maps of Ukraine via satellite mapping.
In addition, the loan would allow creating the unified automated system for notifying all the sides regarding changes in the public land cadastre, and strengthening the public control system on the state border of Ukraine, taking into account EU requirements.
The project will be implemented as part of the government strategy and action plan for leveraging private investment in agriculture until 2023.
