RLF - RLG - Ukreximbank 2023

signed

A Resilience and Livelihoods Guarantee ("RLG"), under the Resilience and Livelihoods Framework, in the form of an unfunded portfolio risk-sharing facility covering up to 50% of the credit risk in newly originated sub-loans with total value of EUR 40 million equivalent (the "Covered Portfolio") to be originated by Ukreximbank (the "Partner Bank") in Ukraine. The Project will include a sub-limit under the SME Competitiveness Programme in the European Union's ("EU") Eastern Partnership ("EaP SMEC" sub-limit, assigned with a separate EBRD project number 54838) of up to EUR 8 million or 20% of the Covered Portfolio to finance long term capital investments of micro, small and medium sized enterprises ("MSMEs") to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (70% of EaP SMEC sub-limit), thereby enhancing businesses' competitiveness. Eligible sub-borrowers will also receive EU funded technical assistance and grant support in the form of investment incentives upon the completion of their investment projects.