Financial sector news

According to the press service of the Ministry of Finance, the state received US$290 million as part of the World Bank's Resilient, Inclusive, and Environmentally Sustainable Entrepreneurship (RISE) project, aimed at supporting the private sector.

In particular, US$80 million was raised through a guarantee from the Japanese government via the International Bank for Reconstruction and Development (IBRD).
The project aims to overcome key obstacles to the sustainable development of the private sector, including regulatory burdens, financing gaps, and limited access to markets.

The initiative is being implemented using the Program-for-Results (PforR) financial instrument, which provides for the allocation of funds only after certain performance indicators have been achieved.

To receive the next tranche, Ukraine fulfilled a number of conditions, including:

• at least 20 banks, providing 90% of all loans under the “5-7-9” program, introduced environmental and social management systems;
  
  
• the Dія.Бізнес 2.0 portal was visited by over 500,000 users, 90,000 of whom created their own accounts;
  
  
• 10 export-oriented SME projects received insurance from the Export Credit Agency of Ukraine, including insurance against military risks in accordance with the ECA's new strategy.
  
  

The RISE project has been implemented in Ukraine since 2024. Within its framework, the World Bank has signed agreements with Ukraine worth US$681 million, and the total amount of lending for the implementation period (2024–2027) is planned to exceed US$1 billion, of which US$540 million has already been raised.

"The World Bank is a reliable partner of Ukraine and helps it navigate the most difficult challenges while maintaining financial stability and moving forward with reforms. In particular, the RISE project aims to create a more efficient and predictable environment for business development in Ukraine. It creates conditions for the sustainable recovery of the private sector, which is key to the country's long-term economic growth," said Deputy Minister of Finance Olga Zykova.