Ukraine to get 700 mln USD from World Bank for agriculture development
Ukraine to get 700 mln USD from World Bank for agriculture ... Xinhua
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Ukraine to Receive $700 Million Loan from World Bank for Agriculture Development
KIEV, Nov. 8 (Xinhua) — Ukraine will receive a loan of 700 million U.S. dollars from the World Bank (WB) for agriculture development in 2023-2024, as reported by the Interfax-Ukraine news agency on Wednesday.
Loan Purpose and Terms
The loan, which will be provided on preferential terms, aims to support the agricultural sector in Ukraine. The funds will be used to offer affordable loans to farmers for agricultural production and food processing. Additionally, grants will be given to small agricultural producers involved in cattle, goat, or sheep farming.
Impact of the Russia-Ukraine Conflict
Ukraine’s agriculture sector, which contributes approximately 10 percent to the country’s gross domestic product (GDP), has been severely affected by the Russia-Ukraine conflict. The conflict has resulted in significant direct losses for the agriculture sector, exceeding 8.7 billion dollars according to Ukrainian authorities.
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SDGs, Targets, and Indicators
1. Which SDGs are addressed or connected to the issues highlighted in the article?
- SDG 1: No Poverty
- SDG 2: Zero Hunger
- SDG 8: Decent Work and Economic Growth
- SDG 9: Industry, Innovation, and Infrastructure
- SDG 17: Partnerships for the Goals
2. What specific targets under those SDGs can be identified based on the article’s content?
- SDG 1.4: By 2030, ensure that all men and women, in particular, the poor and the vulnerable, have equal rights to economic resources, as well as access to basic services, ownership, and control over land and other forms of property.
- SDG 2.3: By 2030, double the agricultural productivity and incomes of small-scale food producers, in particular, women, indigenous peoples, family farmers, pastoralists, and fishers, including through secure and equal access to land, other productive resources, and inputs, knowledge, financial services, markets, and opportunities for value addition and non-farm employment.
- SDG 8.3: Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity, and innovation, and encourage the formalization and growth of micro-, small- and medium-sized enterprises, including through access to financial services.
- SDG 9.3: Increase the access of small-scale industrial and other enterprises, in particular in developing countries, to financial services, including affordable credit, and their integration into value chains and markets.
- SDG 17.16: Enhance the global partnership for sustainable development, complemented by multi-stakeholder partnerships that mobilize and share knowledge, expertise, technology, and financial resources, to support the achievement of the sustainable development goals in all countries, in particular developing countries.
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
Yes, the following indicators can be used to measure progress towards the identified targets:
- Percentage of population below the international poverty line
- Agricultural productivity growth rate
- Percentage of small-scale food producers with secure access to land, other productive resources, and inputs
- Number of jobs created through entrepreneurship and innovation
- Percentage of small-scale industrial enterprises with access to affordable credit
- Amount of financial resources mobilized through partnerships for sustainable development
4. Table: SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 1: No Poverty | Target 1.4: By 2030, ensure that all men and women, in particular, the poor and the vulnerable, have equal rights to economic resources, as well as access to basic services, ownership, and control over land and other forms of property. | Indicator: Percentage of population below the international poverty line |
| SDG 2: Zero Hunger | Target 2.3: By 2030, double the agricultural productivity and incomes of small-scale food producers, in particular, women, indigenous peoples, family farmers, pastoralists, and fishers, including through secure and equal access to land, other productive resources, and inputs, knowledge, financial services, markets, and opportunities for value addition and non-farm employment. | Indicators: Agricultural productivity growth rate, Percentage of small-scale food producers with secure access to land, other productive resources, and inputs |
| SDG 8: Decent Work and Economic Growth | Target 8.3: Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity, and innovation, and encourage the formalization and growth of micro-, small- and medium-sized enterprises, including through access to financial services. | Indicator: Number of jobs created through entrepreneurship and innovation |
| SDG 9: Industry, Innovation, and Infrastructure | Target 9.3: Increase the access of small-scale industrial and other enterprises, in particular in developing countries, to financial services, including affordable credit, and their integration into value chains and markets. | Indicator: Percentage of small-scale industrial enterprises with access to affordable credit |
| SDG 17: Partnerships for the Goals | Target 17.16: Enhance the global partnership for sustainable development, complemented by multi-stakeholder partnerships that mobilize and share knowledge, expertise, technology, and financial resources, to support the achievement of the sustainable development goals in all countries, in particular developing countries. | Indicator: Amount of financial resources mobilized through partnerships for sustainable development |
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Source: english.news.cn
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