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Russian to English translations [PRO]
Law/Patents - Agriculture / Отчет о ситуации в с/х | | Russian term or phrase: предоставлять кредиты ПОД ЗАЛОГ с/х продукции | | «Мы считаем, что очень важно поддерживать сильные местные компании и развивать кредитование под залог сельскохозяйственной продукции и складских расписок. ЕБРР в очередной раз демонстрирует долгосрочную приверженность целям создания более надежной и эффективной системы хранения и финансирования зерновых в стране. Подобные проекты укрепляют позицию Украины как мощного экспортера сельскохозяйственной продукции», - сказал Жиль Меттеталь, директор отдела агробизнеса ЕБРР. |
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| | promote lending against pledges of agricultural commodities | Explanation:
This is the press release from EBRD itself and that's the wording they've been using that time:
Gilles Mettetal, EBRD Director for Agribusiness, said: “We feel it is very important to support strong local companies and promote lending against pledges of agricultural commodities and warehouse receipts. The EBRD once again shows its long-term commitment to provide a more reliable and efficient grain storage and grain financing system in this country. Projects like this contribute to Ukraine’s position of a strong agricultural commodity exporter”
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 Nadezhda Kirichenko
Local time: 16:12
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55 mins confidence: peer agreement (net): +1 promote lending against pledges of agricultural commodities
Explanation:
This is the press release from EBRD itself and that's the wording they've been using that time:
Gilles Mettetal, EBRD Director for Agribusiness, said: “We feel it is very important to support strong local companies and promote lending against pledges of agricultural commodities and warehouse receipts. The EBRD once again shows its long-term commitment to provide a more reliable and efficient grain storage and grain financing system in this country. Projects like this contribute to Ukraine’s position of a strong agricultural commodity exporter”
Reference: http://www.ebrd.com/pages/news/press/2011/110131.shtml
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| Reference: development of agricultural commodity financing
Reference information:
Project Description
The EBRD is considering a participation in a risk sharing framework with Crédit Agricole Serbia with a total amount of up to €20 million for the financing of seasonal working capital needs of local borrowers in the Serbian agricultural sector.
The loans provided to local agricultural producers will be against agricultural commodities in the first stage and once the warehouse receipt system is fully implemented the lending will be backed by warehouse receipts as collateral.
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The facility will support Banca Intesa in extending financing to local agribusinesses using warehouse receipts as collateral, demonstrating the viability of lending against agricultural commodities.
“The EBRD is strongly committed to supporting the development of agricultural commodity financing and we are pleased to assist with further implementation of the warehouse receipts programme in Serbia, for the benefit of local companies in the agricultural sector”, said Peter Bryde, EBRD Deputy Director for Agribusiness.
Reference: http://www.ebrd.com/pages/project/psd/2010/42035.shtml
Reference: http://www.seenews.com/news/latestnews/ebrdfinancingtobancai...
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