The IFC, the DFC, and Raiffeisen Bank Ukraine will create two risk-sharing mechanisms for Ukrainian enterprises worth $210M. Assistance will be allocated to small, medium, and large companies in Ukraine. These funds will be directed to creating new jobs and business development. In particular, they plan to implement renewable energy generation and energy efficiency projects with a portion of the funds.
The mechanisms are implemented with the support of the Swiss State Secretariat for Economic Affairs (SECO), the French government, the Ministry of Foreign Affairs and International Development of Britain through the ERA IFC Program, and the US Agency for International Development (USAID).
“Our support for the Ukrainian private sector helps businesses continue to operate, hire workers, and provide essential goods and services that support Ukrainians and their economy,” commented Justin Andrews, DFC’s Acting Vice President for Small Business.