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Redcliffe Partners Advises EBRD on Food Security Guarantee Program

Redcliffe Partners Advises EBRD on Food Security Guarantee Program

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Redcliffe Partners has advised the EBRD on providing risk-sharing instruments to ProCredit Bank, OTP Bank, and OTP Leasing in Ukraine in a food security guarantee program worth up to EUR 30 million.

"Under the instruments, which are relatively new for the Ukrainian market, EBRD will cover more than half of the credit risk of newly originated financing provided by the partner financing institutions," Redcliffe Partners informed. "The share of risk the EBRD takes on will be up to EUR 30 million. The program will facilitate access to finance for eligible Ukrainian companies operating in critical agri-related industries, such as farming, food processing, transport, and imports. Ensuring food security is one of the top priorities in the EBRD support plan for Ukraine’s economy amid Russia’s invasion of Ukraine."

The Redcliffe Partners team included Managing Partner Olexiy Soshenko and Senior Associate Evgeniy Vazhynskiy.

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