USAID Launches $250 Million “Harvest” Initiative to Boost Ukrainian Agricultural Exports

by Roman Cheplyk
Friday, May 3, 2024
USAID Launches $250 Million “Harvest” Initiative to Boost Ukrainian Agricultural Exports

The United States Agency for International Development (USAID) has introduced a new $250 million initiative named “USAID Harvest” to support Ukrainian farmers, announced Isobel Coleman, the deputy administrator of USAID

The initiative aims to bolster the agricultural sector over the next five years by investing in its expansion and modernization during and after the ongoing conflict.

Speaking on May 3, Coleman highlighted that the initiative will focus on the future needs of Ukraine's agriculture, helping to diversify exports and increase the production of higher-value products. "Harvest will aid micro, small, and medium grain and oil producers to broaden their export markets, which in turn will bolster Ukraine’s economy," Coleman stated.

The program targets to boost agricultural exports by an additional $1.5 billion and attract $500 million in private investments.

Denys Bashlyk, Deputy Minister of Agrarian Policy and Food, noted the significant impact of USAID's support on Ukrainian farmers, particularly through the "AGRO" project which has been instrumental over three farming seasons.

In related news, the Ministry of Agrarian Policy announced in January that service providers for the processing and storage of agricultural products would receive co-financing to develop elevator capacities under the USAID Agricultural and Rural Development (AGRO) program, with a total funding of up to UAH 270 million.

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