Business news from Ukraine

Business news from Ukraine

USAID allocates $20 million to Ukraine Grain Project

19 November , 2022  

The United States, through the United States Agency for International Development (USAID), is providing up to $20 million to the Grain from Ukraine initiative announced by President Vladimir Zelensky at the G20 Summit earlier this week to help feed people around the world, USAID said in a release Friday.
“USAID will provide support through the United Nations World Food Program (WFP) to facilitate the delivery of additional shipments of Ukrainian grain through the Black Sea Grain Initiative,” the release said.
The U.S. agency recalls that before Putin’s invasion, Ukraine was one of WFP’s largest grain suppliers and the fourth largest commercial exporter of wheat in the world.
Today’s announcement builds on WFP’s existing $173 million support to date to buy Ukrainian grain to feed people in countries facing the most severe food crises, including Ethiopia, Yemen, and Afghanistan. Thanks to U.S. funding, 210,000 tons of food was purchased, enough to feed an estimated 12.6 million people for one month.
All told, since the start of Putin’s war against Ukraine in February, the U.S. has provided more than $11 billion to combat the global food crisis, including nearly $8.6 billion in humanitarian aid, the release indicated.
According to it, USAID also continues to help Ukrainian farmers who risk their lives to feed the world through the Agricultural Sustainability Initiative-Ukraine (AGRI-Ukraine). The initiative focuses on four areas that are critical to supporting Ukraine’s agricultural exports and its contribution to global food security: providing critical resources for farmers; improving export logistics and infrastructure; improving farmers’ access to finance; and addressing the needs of drying, storing, and processing crops. USAID has invested $100 million in the initiative, and the agency seeks to raise at least $150 million in additional funding from other donors, foundations and the private sector.

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