|24 november 2016The new joint with the World Bank Access to Long Term Finance Project for export oriented entities
JSC Ukreximbank is currently conducting active preparation of the new joint with the World Bank Access to Long Term Finance Project (ALTF). The ALTF Project will provide long term investment and working capital finance to Ukrainian export oriented small and medium enterprises.
In light of the successful experience of implementation of preceding joint with the World Bank projects, JSC Ukreximbank will be the direct borrower of the World Bank funds and implementing agency of ALTF Project. Similar to preceding projects, Ukrainian commercial banks are expected to be involved in ALTF Project implementation as financial intermediaries.
All sub-projects to be financed under the ALTF Project will be subject to an environmental and social assessment of compliance with Ukrainian and World Bank environmental regulations utilizing the procedures described in prepared by JSC Ukreximbank Environmental and Social Management Framework.
It is expected that on completion of joint with Ukrainian governmental authorities, ALTF Project preparation it will be presented to the World Bank Board of Executive Directors for consideration and approval by the end of the first quarter 2017.