Loans to small and medium-sized enterprises (SMEs) in Ukraine and to selected larger companies, as well as for renewable energy projects, will become available to a greater number of domestic firms following the signing of a Risk Sharing Facility (RSF) between the EBRD and Raiffeisen Bank Aval in Kyiv on Monday, according to the EBRD's website.
Ukraine's state-run Oschadbank and representatives of the European Investment Bank group – the European Investment Bank (EIB) and the European Investment Fund (EIF) – have signed a guarantee agreement worth EUR 50 million to provide loans to small and medium-sized businesses in Ukraine, according to an UNIAN correspondent.
The Ministry of Finance of Ukraine in the course of auctions for placement of domestic government loan bonds in January-November 2017 attracted UAH 27.697 billion and $1.382 billion to the state budget.
The European Bank for Reconstruction and Development (EBRD) is providing fresh funds to develop local currency lending and small- and medium-sized enterprise (SME) support mechanisms in Ukraine, according to a statement by the EBRD.
Ukraine will favor cheaper borrowing from official lenders as it seeks to shore up next year’s budget, and plans to enlist the World Bank to help raise as much as $1 billion, Bloomberg reports.
Ukrainian Finance Minister Oleksandr Danyliuk says that the cooperation with the International Monetary Fund and the World Bank is necessary for Ukraine to demonstrate confidence to foreign investors and partners that the country is moving in the right direction and that the reforms will be continued.