IFC to Provide up to $100M to Ukraine’s Largest Grain Trader
The International Finance Corp. (IFC) is providing a finance package of up to $100 million to Nibulon - the largest grain trader in Ukraine. The funding will be allocated toward strengthening agricultural infrastructure and to expand the company’s existing shipping terminals, reduce crop losses, boost global food security, and refinance short-term debt.
Of the total package, the IFC is providing $60 million from its own account and is facilitating an additional $40 million in funds from other lenders. With the backing of this capital, Nibulon plans to lift its trade volumes to 7 million tons over the next four years, representing an increase of approximately 40 percent.
Ukraine is a leader in the global grain sector - accounting for 10 percent of the global wheat trade, 15 percent of the world’s corn trade, and 20 percent of the world’s barley trade. Nibulon sources its grain from more than 4,700 Ukrainian farmers, and adds value through cleaning, drying, storing, and transporting the crops. The company is also dedicated to developing river transportation systems that are cost-efficient and more environmentally friendly than rail systems or trucking.