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BII and Proparco to provide risk-sharing guarantees worth $57 million to EBRD to support Ukraine's cross-border trade

,   and  URN News Staff
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Photo by EBRD

The UK's development finance institution British International Investment (BII), and the French development agency Proparco will provide risk-sharing guarantees worth a total of $57 million to the European Bank for Reconstruction and Development (EBRD) to support the lender's trade finance exposure in Ukraine.

BII will allocate up to $37 million, while Proparco will provide $20 million in risk-sharing guarantees for the EBRD's Trade Facilitation Programme (TFP) to support Ukraine's cross-border trade, the EBRD said on Monday.

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