IFC Stands with Ukraine and its People
"Ukraine's private sector, which generated 60 to 70 percent of GDP in 2021, continues to provide jobs and deliver essential goods and services amid Russia's invasion of Ukraine. But its needs are enormous, and the international community needs to support it now so we can preserve its productive capacity for the future."
— Makhtar Diop, Managing Director, IFC
IFC's Response to Russia's Invasion of Ukraine
As part of the broader World Bank Group’s response to Russia's invasion of Ukraine, IFC launched a new $2 billion package to support the Ukrainian private sector.
IFC’s Economic Resilience Action (ERA) program will provide an operational framework for IFC’s near-term investments and advisory work. The $2 billion response package includes finance from IFC’s own account working alongside guarantees from donor governments.
Learn more about IFC’s response to Russia's invasion of Ukraine: strategic framework