Sayenko Kharenko advises IFC on EUR 40 million equivalent risk-sharing facility for Credit Agricole to support Ukrainian SMEs
Sayenko Kharenko acted as Ukrainian legal counsel to International Finance Corporation (IFC) on the EUR 40 million equivalent risk-sharing facility for Credit Agricole Ukraine. IFC will share half the risk on an aggregate portfolio of EUR 40 million equivalent to be extended as critical financial support to smaller businesses, including agricultural and rural micro, small and medium-sized enterprises (SMEs).
This is the third transaction IFC provides in Ukraine under IFC’s Small Loan Guarantee Program, supported by the European Commission via the European Fund for Sustainable Development. This transaction complements the World Bank Group’s joint efforts to help businesses stay afloat and enable the government to provide essential services and make critical repairs.
IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. In fiscal year 2023, IFC committed a record USD 43.7 billion to private companies and financial institutions in developing countries.
Sayenko Kharenko’s team was led by partner Igor Lozenko and included senior associate Oles Trachuk, junior associates Yevgen Koval and Sofya Tatarinova.