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UK development finance arm BII to offer £250 million for reconstruction in foray into Ukraine next month

Ukrainian Economy Minister Yulia Svyrydenko with BII CEO Nick O'Donohoe

The UK government's development finance arm, British International Investment (BII), will start offering up to £250 million in financing to private sector companies for reconstruction projects in April, the Ukrainian government said.

The financing package, authorized by the UK government last June, marks the BII's first involvement with Ukraine development financing. The institution normally focuses on Africa, South Asia, Southeast Asia and the Caribbean.

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