World Bank has allocated almost $600 million for the development of Ukrainian business: what will it bring
Kyiv • UNN
The World Bank launches a $593 million program to support Ukraine's private sector. The program will help 20,000 SMEs and save 40,000 jobs.
The World Bank is launching a $593 million program to support Ukraine's private sector. The program is expected to help 20,000 SMEs and create or save 40,000 jobs, the WB said the day before, UNN reports.
Details
"The World Bank has announced the launch of a new private sector development program in Ukraine worth $593 million," the statement reads.
The program is expected to support 20,000 small and medium-sized enterprises (SMEs) and help create or save at least 40,000 jobs through support programs introduced by the Ukrainian government following the Russian invasion.
"Thanks to it, 20,000 small and medium-sized enterprises will receive financial support and gain access to export markets. The Ministry of Economy will be responsible for implementing this program. I am grateful to our partners from the World Bank for their support. The launch of such programs demonstrates faith in Ukrainian business," commented First Vice Prime Minister and Minister of Economy Yulia Svyrydenko in X.
