The World Bank has provided Ukraine with a $ 150 million loan.
The money will be directed to support export-oriented small and medium enterprises of Ukraine.
The Board of Executive Directors of the World Bank approved the allocation of a loan of $ 150 million to Ukraine. This was reported by the press service of the World Bank.
It is noted that the money will be used to support export-oriented small and medium-sized enterprises of Ukraine.
“Ukraine has a creative and unique business potential and can produce high-quality competitive goods,” said Sat Kahkonen, World Bank Director for Belarus, Moldova and Ukraine.
“Lack of quality financing is one of them, but access to long-term financing for small and medium-sized enterprises will help the country increase exports and contribute to the revival of economic growth in Ukraine,” he added.
According to the report, the project will be implemented by Ukreximbank. The Ukrainian financial institution will provide sub-loans to Ukrainian banks that will participate in the program. The latter, in turn, will be financed by Ukrainian enterprises participating in the program.
As previously reported, the World Bank underscored the importance of holding pension and land reform in Ukraine, the successful implementation of which will become an indicator of the mood to continue to introduce serious and complex changes for the development of the country and its economy.