Investments in food security

State
Slovakia
Client
BRANKO NITRA
Implementation date
2021
Field of activity
SDGs-aligned financing
The International Bank for Economic Co-operation is financing the construction of an advanced poultry production unit. The Bank opens a three-year credit line to finance a technological complex and start of production. The project operator is a subsidiary company, Branco Rus, established in Russia. The production will be located in Tatarstan, where a site for a hatching house with cold rooms and other designated rooms has already been prepared. This investment project, which has received the approval and support of the Ministry of Agriculture of Tatarstan involves strict veterinary controls and complies with the EU regulations. The company is certified to the ISO 9001:2000. Branko produces about 8.5 million hatching eggs annually.
The transfer of incubation technology to Russia will significantly increase the efficiency of poultry operation, optimize price parameters, which is an extremely urgent task for Russia, which is consistently pursuing a course of import substitution, especially against the background of a global rise in food prices. Moreover, the Bank's investments in food security are in line with the objectives of Sustainable Development Goal 2 “End hunger, achieve food security and improved nutrition and promote sustainable agriculture