IFC and UKRSIBBANK Join Forces to Boost Medium-Sized and Larger Corporates in Ukraine
Ukraine, April 28 -- IFC and UKRSIBBANK, owned by BNP Paribas and the EBRD, announced a new risk-sharing facility (RSF), totaling €66 million, to address the critical financing needs of medium-sized and larger corporates (midcaps) in Ukraine. The facility aims to help these businesses grow while preserving and creating jobs, and delivering essential goods and services.While Ukraine's economy has remained resilient, the country has lost a significant share of its productive capacity due to supply chain disruptions, power outages, and labor shortages. According to the World Bank Group's fourth Rapid Damage and Needs Assessment (RDNA4), direct damages were estimated at $176 billion as of December 31, 2024, economic losses at $589 billion...
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