The World Bank will provide almost $600M in financing for Ukrainian businesses, and USAID provides $6M to four companies to increase exports.

The World Bank is starting a new $593M program to support small and medium-sized businesses in Ukraine. The financing consists of $283M from the ADVANCE Ukraine trust fund (from Japan), $300M from the Special Program of the International Development Association (IDA) for the recovery of Ukraine and Moldova, and $10M from the Target Fund for Support and Recovery of Ukraine (URTF).

The RISE project aims to support 20,000 small and medium-sized enterprises and should save at least 40,000 jobs during the war. At the same time, USAID project Investments for Business Sustainability has signed four co-investing agreements with Ukrainian enterprises worth $6M under a business growth support program aimed at export development.

Among the recipients is the agro-industrial group Delta Food ($1M), Ukrainian heating radiator manufacturer Uterm Ukraine ($2M), carpet manufacturer Karat ($1M), and Suziria Group, which specializes in the production of pet products, received $2M.