: :inin Kyiv (EET)

EBRD allocates additional $80 million for trade facilitation program in Ukraine

The European Bank for Reconstruction and Development (EBRD) is directing an additional $80 million to support Ukrainian exporters and importers, the EBRD’s press service has reported.
“The European Bank for Reconstruction and Development (EBRD) is stepping up its support to Ukrainian exporters and importers by increasing financing available under its Trade Facilitation Program (TFP) to Raiffeisen Bank Aval by $80 million to $150 million,” reads the report.
The EBRD’s Trade Facilitation Program promotes foreign trade to, from and within the EBRD countries of operations, including Ukraine.
The EBRD’s Trade Facilitation Program currently works with eight local banks in Ukraine to enable their private corporate clients to continue international trade. The TFP has supported trade transactions worth EUR 1.57 billion in Ukraine to date, of which over EUR 240 million has been processed in 2014 so far.
As reported, the EBRD is the largest financial investor in Ukraine. As of December 2014 the bank had committed almost EUR 10 billion ($12.4 billion) through 342 projects in the country.

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