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Ukraine signs $600 million agreements with World Bank
Ukraine has signed nearly $600 million in agreements with the World Bank under the new RISE program, which stands for Resilient, Inclusive and Sustainable Enterprises
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Ukraine’s Prime Minister Denys Shmyhal announced the initiative, which aims to support small and medium-sized businesses, promote green transition, improve the business environment, encourage digitalization, and help companies enter new markets.
The project will run until 2027, with a total planned budget of over $1 billion.
Shmyhal stated, “This will significantly strengthen the Ukrainian economy and help small and medium-sized businesses tackle modern challenges.”
- The European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) are providing grant funding to Ukraine for developing its emergency assistance system.
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