Unlocking Opportunities: Global Allies Pour Over $4.2 Billion to Boost Ukrainian Businesses, PM Shmyhal Discloses


Denys Shmyhal, Prime Minister of Ukraine

Denys Shmyhal, Prime Minister of Ukraine

Ukraine’s international partners have provided over EUR 4 billion ($4.2 billion) in support to Ukrainian entrepreneurs through various programs, Ukrainian Prime Minister Denys Shmyhal announced during a government meeting on October 20.

“Our allies also demonstrate their support for Ukrainian businesses and economy,” stated Shmyhal, according to a report by news agency Interfax-Ukraine.

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“Under various programs, international partners have provided Ukrainian entrepreneurs with more than EUR 4 billion ($4.2 billion) in support,” affirmed the prime minister.

The European Bank for Reconstruction and Development (EBRD), the European Investment Bank, the International Finance Corporation, the German government state bank KfW, and the United States Agency for International Development have been the main contributors to the financial aid for Ukrainian businesses.

Read also: Ukraine enters Top 10 list of most unemployed nations, still performs better than expected

In 2023, the EBRD has already granted financial support of $1.2 billion to Ukraine. Overall, the bank has pledged to allocate at least $3 billion to assist Ukraine.

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Read the original article on The New Voice of Ukraine

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