Today, on 14 December, Ukraine received EUR 50 million on a non-refundable basis from the KfW as part of the state support programme Affordable Loans at 5-7-9%.

The funds will be used to refinance the costs of the state support programme Affordable Loans at 5-7-9%, which will allow small and medium-sized businesses in Ukraine to continue to have access to concessional lending.

The state programme Affordable Loans at 5-7-9% is implemented by the Business Development Fund, which provides financial support to Ukrainian businesses aimed at their recovery and development under martial law.

"Supporting small and medium-sized businesses is one of the priorities of the Government of Ukraine and is being implemented through the government programme Affordable Loans at 5-7-9%. The financial assistance from KfW allows us to continue providing Ukrainian businesses with affordable financing, which in turn will contribute to their development, creation of new jobs and growth of the country's economy in the context of a full-scale war," said Minister of Finance of Ukraine Sergii Marchenko.

On 30 November, the Minister of Finance of Ukraine Sergii Marchenko signed a grant agreement between Ukraine and the KfW for EUR 50 million.