Includes how major projects are financed and gives examples where relevant. Explains activities of the multilateral development banks in and other aid-funded projects where procurement is open to U.S. bidders.
Last Published: 8/6/2019

In January 2019 the Export-Import Bank of the United States of America (Exim Bank) reopened its short- and medium-term programs for public and private sectors in Ukraine after a four years suspension due to the uncertainty of repayment caused by Ukraine’s current economic crisis and the Russian-backed conflict in eastern Ukraine.  The coverage term is from one to seven years. Where support is not available (over a total term of 7 years), Exim Bank can still consider financing arrangement that eliminate or externalize country risks.

Exim’s Cover Policy for Ukraine
Public Sector
Maximum total term is seven years. Total term includes both the drawdown and repayment periods.Typically limited to transactions with commit the fill faith and credit of the government via the Ministry of Finance.

Private Sector
Maximum total term is seven years. Total term includes both the drawdown and repayment periods. Typically limited to transactions with a commercial bank as obligator or guarantor.

Multilateral Development Banks:
The European Bank for Reconstruction and Development (EBRD) is the single largest foreign investor in Ukraine. With debt and equity investments in the financial sector for small and medium sized businesses, food production and processing enterprises, municipal and state infrastructure and transport, agricultural machinery, and electric and nuclear power generation. It is important to note that the U.S. is the single largest investor in the EBRD.  As of today, the cumulative EBRD investment in Ukraine amounts €13,210 million and current investment portfolio is around €3,827 million. In 2019, the bank plans to expand its investments in projects in Ukraine up to $1 billion, having invested $500 million in 2018.

The World Bank provides loans and grants in the central government, agriculture, energy, trade and services, banking institutions, public administration, environmental protection, healthcare, as well as private sector development. Since Ukraine joined the World Bank in 1992, Bank commitments to the country have totaled $12 billion in 98 projects and programs. Since May 2014, the World Bank Group has provided a total of more than $5 billion to Ukraine (including four development policy loans, seven investment operations and one guarantee) from the International Bank for Reconstruction and Development. The World Bank’s current investment project portfolio in Ukraine amounts to about $2.5 billion.

Since 2004, the International Finance Corporation (IFC) has invested in 86 projects worth $3.2 billion implemented in Ukraine. Through a combination of investment and advisory services IFC continues to partner with clients in strategic sectors crucial for Ukraine’s sustainable development, and with a focus on agribusiness, infrastructure, and energy efficiency. IFC's strategy for fiscal years 2017-2021 in Ukraine is designed  to create favorable conditions for attracting investments in the energy sector, to support municipal projects aimed, first of all, at enhancing energy efficiency, in establishing partnership relations with state-owned enterprises for the purpose of reconstruction of the transport infrastructure - roads and ports in cooperation with farmers in the context of increasing their operational efficiency, introducing the latest technologies and standards, and thus opening up access to new markets.

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More Information

Ukraine Market Access Project Financing