Skip to content
Edit post

Economy Ministry: Ukraine’s private sector to receive $2 billion package from US financial orgnization

by The Kyiv Independent news desk December 16, 2022 5:49 PM 1 min read
This audio is created with AI assistance

The International Finance Corporation (IFC), a Washington D.C.-based financial institution and member of the World Bank Group, supported the program of financing Ukrainian businesses for $2 billion, according to Ukraine's Economy Ministry.

The IFC said that up to $1 billion of the $2 billion response package will come from the organization's own funds, with further funding conditioned on guarantees from donor governments.

The response package will support infrastructure, agriculture, production and commerce, and small-and-medium-sized enterprises in Ukraine during the next two years.

IFC board allowed working with Ukraine’s state-owned companies as an exception for the country, Economy Minister Yulia Svyrydenko said.The IFC support and investment insurance until the war's end is “a positive sign for many investors,” Svyrydenko said.

EU leaders agree on 18 billion euros aid package to Ukraine for next year
Support independent journalism in Ukraine. Join us in this fight.
Freedom can be costly. Both Ukraine and its journalists are paying a high price for their independence. Support independent journalism in its darkest hour. Support us for as little as $1, and it only takes a minute.
visa masterCard americanExpress

News Feed

Ukraine Daily
News from Ukraine in your inbox
Ukraine news
Please, enter correct email address
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.