The Ministry of Economy is actively working on addressing the issues of business financing in Ukraine by implementing new mechanisms for guarantees and collateral, as well as developing technological solutions for the de-shadowing of the economy. This was announced by the Minister of Economy, Oleksiy Sobolev, during the forum “Recovery of Ukraine: Quality Institutions and Economic Security” in Kyiv.
This is reported by Finway
Enhancing Business Financing and De-shadowing the Economy
According to Sobolev, the government is actively collaborating with state banks — PrivatBank, Oschadbank, and Ukreximbank — to expand opportunities for lending to entrepreneurs. Special attention is being paid to frontline regions, as the minister believes that addressing the financing issues in these areas will positively impact other regions of Ukraine.
Regarding the provision of equal playing conditions for businesses, the government is focused on finding technological solutions that will not create additional administrative burdens and will be realistically implementable. One of the key areas is the legalization of Ukrainian capital that is in the “grey zone,” as well as the introduction of mechanisms for compensating capital expenditures through tax instruments. The minister emphasized that this will allow businesses to use legalized assets as collateral for obtaining loans.
Attracting Large-Scale Financial Support and the Role of the IMF
Sobolev stressed that creating fair and transparent conditions for businesses is a prerequisite for attracting significant financial support from abroad, particularly through cooperation with the International Monetary Fund. He noted that the IMF program for Ukraine has a much broader context than just receiving $8 billion in funding. According to the minister:
“The IMF program is not about $8 billion; it’s about $200 billion in reparations loans. We need to demonstrate real political steps that we are ready to create equal conditions,” the minister emphasized.
The Ministry of Economy is convinced that the implementation of the announced reforms will ensure not only economic stability but also attract substantial financial resources for the large-scale recovery of the country.