The International Finance Corporation (IFC), the US International Development Finance Corporation (DFC), and Raiffeisen Bank Ukraine have established two risk-sharing facilities totaling about $210 million to support Ukrainian small and medium enterprises (SMEs) and midcaps, IFC said in a press release on Wednesday.
Under the first risk-sharing facility, IFC and Raiffeisen Bank Ukraine will provide up to $50 million, shared equally, to support smaller businesses, especially in agribusiness. IFC's contribution is partially guaranteed through its Economic Resilience Action (ERA) program, supported by the Swiss State Secretariat for Economic Affairs (SECO).
