The Ministry of Economy presented an overview of the IFI programs for €1.4B, which will be implemented within the Ukraine Investment Framework (UIF). The programs of the first stage were approved by the European Commission at the URC in Berlin. The financing for €1.4B includes:
- €1.05B is for guarantees to expand existing IFI programs.
- €289M is allocated for mixed financing and grants.
- €55.5M will be used for technical assistance in finalizing investment projects and submitting applications for financing.
At the same time, the Ministry of Economy noted that many projects still have insufficient readiness and require further development. Therefore, the government is working on launching the Project Preparation Facility to increase the number of projects that are ready to attract financing.
At the first stage, the programs will support the recovery and reconstruction of Ukraine in three areas: energy, infrastructure, and support of small and medium-sized enterprises. Private and state companies and municipalities can receive financing directly from IFIs and local partner banks as part of the programs.