Ukraine has received $290 million under the World Bank’s “Resilient, Inclusive, and Sustainable Entrepreneurship” (RISE) project to support its private sector.
Of this amount, $80 million comes through a Japanese government guarantee via the International Bank for Reconstruction and Development (IBRD).
The project aims to address critical barriers to private sector resilience, growth, and sustainable development, including regulatory burdens, lack of financing, and limited market access.
RISE is implemented using the Program-for-Results (PforR) financial instrument, which links fund disbursement to the achievement of specific performance indicators.
To receive the latest tranche, Ukraine met several conditions, including:
- At least 20 banks covering 90% of all 5-7-9 program loans have implemented environmental and social management systems.
- The Diia.Business 2.0 portal was visited by over 500,000 users, with 90,000 creating personal accounts.
- Ten export-oriented SME projects received insurance from the Export Credit Agency of Ukraine (ECA), including coverage for war-related risks under ECA’s new strategy.
The RISE project has been active in Ukraine since 2024. The World Bank has signed agreements totaling $681 million, with over $540 million already disbursed. The total lending for 2024–2027 is planned to exceed $1 billion.
“The World Bank is a reliable partner for Ukraine, helping navigate the most challenging times while maintaining financial stability and advancing reforms. The RISE project creates a more effective and predictable business environment, laying the foundation for sustainable recovery of the private sector, which is crucial for long-term economic growth,” said Deputy Minister of Finance Olga Zykova.
