RLF-RLG EaP SMEC - Ukraine PrivatBank

disbursing

A Resilience and Livelihoods Guarantee (RLG) in the form of an unfunded risk-sharing instrument covering up to 50 per cent of the credit risk in newly originated sub-loans with the total value of €240 million equivalent (the "Covered Portfolio") to be originated by PrivatBank in Ukraine subject to total 50 per cent portfolio cap. The facility will be provided in two equal tranches, each including €120 million of the Covered Portfolio; the second tranche is uncommitted. 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 54451) of up to €48 million or 20% of the Covered Portfolio to finance long term capital investments of micro-, small-, and medium sized enterprises (MSME) 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 technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects