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IFC to lend M.V. Cargo $37 million to build grain terminal in Yuzhny
Journal Staff Report

KIEV, April 3 - The International Finance Corporation, part of the World Bank Group, will issue a $37 million loan to M.V. Cargo to build a new grain terminal in Yuzhny seaport (Odessa region), which it said will allow increasing Ukraine's exporting agricultural products and ensure global food security.

According to the IFC, the loan agreement was signed on March 29.

Credit funds will allow the company to create a modern terminal capable of handling up to 5 million tons of grain a year.




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