The credit limit for Ukrainian companies from the British financial institution British International Investment (BII) will become available as of April. This was discussed during a meeting between First Deputy Prime Minister of Ukraine and Minister of Economy of Ukraine Yulia Svyrydenko and the CEO of British International Investment, Nick O'Donohue.
BII announced a total limit of up to £250 million for financing the private sector in Ukraine. These funds will be available through the Co-Investment Platform by engaging partner financial organizations in Ukraine.
"I am grateful to British International Investment for joining the list of institutions ready to support Ukraine's private sector. Expanding the limit to £250 million is the support that Ukraine critically needs for economic stability and post-war reconstruction. Previously, BII was not on the map of international financial institutions working with Ukraine. I am pleased that we are discovering new partners, and new partners are discovering Ukraine," emphasized Yulia Svyrydenko.
The parties also agreed to deepen cooperation in determining the most effective way to collaborate with other international financial organizations in joint investments in Ukraine, strengthen cooperation within the Co-Investment Platform under the leadership of the EBRD. They also discussed progress in implementing reforms and supporting small and medium-sized businesses in Ukraine, attracting investments, and expanding access to financing for private businesses.
