This is stated in the message of the World Bank.

As noted, the money will be used to support export-oriented small and medium-sized enterprises in Ukraine.

"Ukraine has a creative and unique business potential and can produce high-quality competitive goods," said Satu Kakhkonen, the bank's director for Belarus, Moldova and Ukraine.

Nevertheless, many obstacles limit the ability of Ukraine to export, because there is a lack of quality financing.

According to Kakhkonen, small and medium-sized enterprises will help the Ukrainian state to increase exports and revitalize economic growth throughout the country.

We also note that the project will be implemented by "Ukreximbank".

In turn, the Ukrainian financial institution will provide sub-loans to Ukrainian banks that will participate in the program. In addition, the latter will be funded by Ukrainian enterprises participating in the program.

Recall, as reported "URA-Inform", for the first time in history, the IMF approved the fourth tranche of the loan for Ukraine. So, the next credit tranche will go to the international reserves of the National Bank, which will contribute to the stability of the national monetary unit - the hryvnia.