Ukraine and more than 30 international partners have created the Small and Medium Business Sustainability Alliance and will contribute more than €7B.

In particular, Austria, Canada, Estonia, Germany, Japan, Luxembourg, the Netherlands, Norway, Spain, Switzerland, Britain, the EU, the World Bank, USAID, The Council of Europe Development Bank, the EBRD, the EIB, the EIF, the IOM, and others joined the new organization.

All founding members will contribute to the alliance through financial investment, policy advice, or developmental programs. Total commitments for the next four years will amount to more than €7B for current and new SME programs, of which more than €4.5B is financing for new projects.

The main contribution of €3.9B will come through the Ukraine Facility program, and Ukrainian SMEs will have access to financial instruments under the Ukraine Investment Framework. This package also provides new financing from the EBRD to meet the liquidity needs of Ukrainian companies and support war-affected enterprises and vulnerable population groups.