The cooperation between Ukrainian companies and banks with the American International Development Finance Corporation (DFC), on the one hand, increases the stability of the Ukrainian economy and, on the other hand, sends a powerful signal to investors that, even during the war, now is the time to invest in Ukraine, said the Minister of Economy of Ukraine, Yulia Svyridenko.
Two agreements totaling $60M were concluded between the DFC and Ukrainian banks to mobilize capital for sustainable support of small and medium-sized businesses by facilitating their access to financing in Ukraine. Micro-entrepreneurs and small and medium-sized companies can obtain bank financing with more straightforward requirements because a DFC guarantee will be used instead of collateral.
Another project concerns guarantees for $50M provided for the Global Trade Finance Program of the International Finance Corporation (IFC), which expanded Ukrainian banks’ access to international trade financing. This supports enterprises that provide Ukrainian exports.