Rebuilding Ukraine: EU and International Finance Corporation to unlock over €500 million in private sector investments
The European Commission and the International Finance Corporation (IFC), a member of the World Bank Group, today signed a guarantee agreement to support investments that will help to drive an inclusive and sustainable reconstruction in Ukraine.
The European Bank for Reconstruction and Development (EBRD) and Citi Ukraine have signed a US$100 million revolving credit facility in Ukrainian hryvnia to increase the availability of the national currency to local businesses affected by the war.
EU and the World Bank Group launch Partial Credit Guarantee Fund in Agriculture to support Ukrainian farmers
On 25 January, the European Union and the World Bank Group, together with the Government of Ukraine, launched the Partial Credit Guarantee Fund in Agriculture (PCGF).
Under the EU4Business program, funded by the European Union and the German government, Ukrainian micro, small and medium-sized (MSME) with export potential and innovative capabilities can receive 100 grants of up to €10,000 each for recovery, development, and sustainability.
The report published today shows an extra €2.5 billion income for small and medium-sized enterprises in Eastern Partnership region, which received support through the European Union’s EU4Business Initiative in 2022.