The International Finance Corporation (IFC), the U.S. International Development Finance Corporation (DFC), and Raiffeisen Bank Ukraine will establish two risk-sharing mechanisms for Ukrainian businesses amounting to $210 million.
This was reported by the press service of Raiffeisen Bank Ukraine.
The assistance will be allocated for small, medium, and large companies in Ukraine. These funds will be directed towards creating new jobs and developing businesses. Specifically, part of the financing is intended for projects focused on renewable energy generation and energy efficiency.
The mechanisms will be implemented with the support of the Swiss State Secretariat for Economic Affairs (SECO), the French government, the UK Foreign, Commonwealth & Development Office through the ERA IFC Program, as well as the U.S. Agency for International Development (USAID).
"Our support for the Ukrainian private sector helps businesses continue operating, hire employees, and provide essential goods and services that support Ukrainians and their economy," commented Acting Vice President of DFC for Small Business and Financial Services Justin Andrews.
Background. Earlier, Mind reported that Raiffeisen Bank is halting currency transfers for Russians. We discuss how the new restrictions will affect the financial plans of Russian citizens.