Ministry of Economy of Ukraine
Current international support for the Ukrainian private sector is over EUR 4 billion.
20.10.2023 | 11:48 | Section for Public and Mass Media Relations
Ukrainian business has received more than EUR 4 billion in support from international partners, with programmes approved in recent years and still in effect today. Almost 60% of the support is direct financing through the banking system and directly to companies in the real sector of economy.
"I am grateful to our partners for supporting Ukrainian business, because in times of war it is through taxes from entrepreneurs that Ukraine can finance its army, which is holding back the Russian invasion. Also the private sector will be the driving force behind the country's reconstruction after the war. That is why every hryvnia spent on supporting entrepreneurs brings our victory and Ukraine's economic growth closer," said First vice Prime Minister of Ukraine and Minister of Economy of Ukraine Yuliia Svyrydenko.
In particular, the private sector received from international financial institutions, development agencies and donors:
- EUR 2.4 billion in direct financing;
- EUR 1.3 billion for credit risk allocation and guarantees;
- EUR 272.8 million as grants;
- EUR 126.8 million as donor support;
- EUR 110 million as war risk insurance.
Of these, the projects worth EUR 2.7 billion are in the process of implementation, and the limits for another EUR 1.5 billion have been approved and signed.
The European Bank for Reconstruction and Development provided the largest support to Ukrainian business – EUR 1.7 billion, the European Investment Bank – EUR 1.2 billion, International Finance Corporation (IFC) – EUR 397.9 million, Credit institution for reconstruction (KfW - German Government's state-owned bank) – EUR 214.6 million, United States Agency for International Development (USAID) – EUR 182 million.
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