Ukraine received almost $300 million from the World Bank

Funding became possible based on the results of the government's implementation of the program indicators planned for 2025 in key areas.

This includes promoting the entry of small and medium-sized businesses into export markets, implementing environmental and social standards in entrepreneurship financing programs, developing digital services for entrepreneurs, and simplifying licensing procedures.

Key agreements were signed between Ukraine and the World Bank in November 2024, launching the program. The total funding provided under the current agreements under the program is $681 million.

The RISE program will provide support to at least 20,000 small and medium-sized enterprises by 2027, the ministry reports.

The program also provides for the implementation of best international practices in state SME support programs, the development of services for business, and reform of the business environment (simplification of the regulatory environment, digital G2B services, harmonization of standards with the EU).