The European Investment Bank (EIB) and state-owned Ukreximbank, the National Bank of Ukraine’s development bank, have signed a Letter of Intent to sign a financing agreement under the Economic Resilience Support Programme II. The agreement involves a total amount of **EUR 100 million** to finance small and medium-sized businesses (SMEs) in Ukraine, with a specific focus on **energy efficiency** and **green technologies**.
The collaboration is intended to strengthen the resilience of Ukraine’s economy and support its transition to more sustainable development models. The EIB, which is part of the European Union’s lending institution, aims to promote sustainable growth and reduce greenhouse gas emissions through such financial instruments. Ukreximbank, operating under the state-owned National Bank of Ukraine, will act as the implementing institution for this funding, targeting SMEs that are critical to the country’s economic fabric.
Officials from both institutions have emphasized that this agreement is a crucial step in fostering economic stability and green recovery, especially in the context of ongoing geopolitical challenges. The EUR 100 million loan is expected to support innovation, job creation, and the adoption of environmentally friendly practices across various sectors in Ukraine. This investment aligns with broader European Union strategies to promote sustainable development and climate action, reflecting a growing emphasis on green finance at both national and international levels.