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Ukraine to Step Up COVID-19 Support to Export-oriented SMEs with World Bank Financing
Published 5 hours ago
The World Bank’s Board of Executive Directors approved today $100 million in Additional Financing for the country’s COVID-19 response under the Ukraine Access to Long Term Finance Project.
The Ukrainian state-owned Ukreximbank (UEB) is a borrower and implementing agency of the ongoing Bank project, Access to Long Term Finance, and the additional funds will be used by the UEB to provide loans to export-oriented small and medium enterprises (SMEs) affected by the Covid-19 pandemic. The project is focused on providing sub-loans of longer maturity than are currently present on the market.