The problems with MHP’s expansion in Ukraine
Publisher: CEE Bankwatch Network
Volume: 7 pages, pdf
Description:
MHP is at the centre of concern for local communities and CSOs in Ukraine, because of the way the company engages stakeholders, acquires land, and impacts the environment, water and local economic development. Since 2010 the EBRD has approved three loans for Ukraine’s industrial chicken producer Myronivsky Hliboproduct (MHP), totaling USD 205 million. The last one,1 for USD 85 million, was approved in October 2015 to finance agricultural working capital and capital expenditures related to growing and processing grains and oilseeds for fodder production. MHP has also received support from the International Finance Corporation, the European Investment Bank and the Dutch export credit agency Atradius. Altogether MHP has received more than half a billion euros from international financial institutions.