Farms’ access to credit: economic and institutional analysis

Publication date
Tuesday, 14.09.2004

O. Yastrebova

International Conference "Transition in the CIS: Achievements and New Challenges", Moscow, September 13-14, 2004

The improvement of farm sector’s economic performance observed in recent years after a long-term recession of the 90’s is quite an encouraging trend. However, sustainable growth is impossible without an inflow of investments and access of agricultural producers to financial resources. Meanwhile, despite repeated attempts of the government to create a mechanism of farm credit support, so far only a smaller part of agricultural enterprises uses credits. Over ten years of reforms in the farm sector showed that providing them access to financial capital is one of the most difficult tasks.


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