This is a weekly digest of news about investment and business development in Ukraine from the UkraineInvest team

Ukraine will receive a USD 1.5 bln loan from the World Bank. This became possible thanks to the guarantees of the Government of Japan under the ADVANCE Ukraine Fund. The decision was made by the World Bank’s Board of Directors. The funds will be used to support reforms in Ukraine to mitigate the economic consequences of Russia’s full-scale invasion.

The US Agency for International Development, USAID, will work with Congress to allocate USD 230 mln to support Ukrainian businesses. This includes low-interest loans, business grants, and more.

Ryanair, Europe’s largest low-cost airline, plans to invest USD 3 billion in the recovery of the Ukrainian air transport market. This was discussed during the visit of Ryanair executives to Kyiv. The company will deploy up to 30 new Boeing MAX aircraft at Ukraine’s three main airports – Kyiv, Lviv, and Odesa. Ryanair plans to open 75 routes from Europe to Ukraine within eight weeks after the airspace is declared safe. Ryanair is the first international airline to arrive in Ukraine since the start of the full-scale war on 24 February 2022.

The Japan International Cooperation Agency (JICA) and the Ukrainian Ministry of Infrastructure are implementing two phases of the Emergency Recovery Programme for Ukraine, totalling more than $575 million. The programme covers such areas as humanitarian demining, support for the transport sector, restoration of critical infrastructure, management of destruction waste, medical and educational services, support for the agricultural sector, etc. As part of this cooperation, Japan has already donated the first batch of equipment for the reconstruction of Irpin, Kyiv region.

The Republic of Korea intends to provide USD 150 mln to support Ukraine this year.

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