Today, the International Finance Corporation (IFC) and PrivatBank signed a $100 million risk-sharing agreement and a new $20 million trade finance guarantee line agreement with IFC.
The $100 million risk-sharing agreement will support the expansion of lending to micro, small, and medium-sized enterprises (MSMEs) across various sectors, including agribusiness, manufacturing, and logistics, with a particular focus on women-owned businesses. This initiative is supported by the governments of France and the Netherlands.
PrivatBank has also joined IFC’s Global Trade Finance Programme (GTFP), which helps local banks expand trade finance by providing payment guarantees and managing payment risks. These steps are aimed at strengthening the recovery and resilience of Ukraine’s private sector.
Under this agreement, IFC will provide PrivatBank with a $20 million trade finance guarantee line, enabling the bank to finance more import and export companies, expand partnerships with international banks, and support Ukrainian businesses in accessing new global markets. As Ukrainian enterprises actively expand their operations abroad, this instrument will be key to accelerating growth.
“We highly value our ongoing and stable cooperation with IFC, which provides much-needed support to Ukrainian businesses and allows the economy to remain resilient and grow despite the many challenges of wartime. MSMEs continue to be the backbone of Ukraine’s economy and provide livelihoods for countless households across the country, including in frontline regions. Ensuring MSMEs have access to the financing they need to grow is one of the government’s top priorities,” said Pavlo Kartashov, Deputy Minister of Economy, Environment, and Agriculture.
The International Finance Corporation (IFC) is part of the World Bank Group. One of IFC’s most important roles is mobilizing private capital to support development, especially in low-income countries and nations experiencing instability and conflict.
Ukraine has been a member of IFC since 1993.
