The total financing under this initiative could reach up to $100 million, targeting micro, small, and medium-sized enterprises (MSMEs), with a particular focus on agribusiness and women-owned businesses.
According to IFC, the project may be reviewed by its Board of Directors as early as June 2025.
The project is expected to be implemented under the Economic Resilience Action (ERA) program for Ukraine and will be supported by blended finance donors. Within this framework, IFC, with the support of France, will provide a first-loss guarantee of up to $22.5 million, representing 45% of IFC's share of the risk.
Additionally, to expand access to finance for women-led enterprises, IFC, with the support of the Netherlands, plans to offer performance-based incentives of up to $0.8 million.
According to IFC documents, the application of de-risking blended finance instruments could enable total support for SMEs under the project to grow to $120–150 million over the course of its implementation.
As of April 1, 2025, PrivatBank remained the largest bank in Ukraine by total assets — UAH 945.4 billion, accounting for 25.2% of the domestic banking market, according to the National Bank of Ukraine.
