The Cabinet of Ministers of Ukraine has approved a draft agreement with the government of Poland, which provides for the official operation of the Polish state development bank Bank Gospodarstwa Krajowego (BGK) in Ukraine. This step creates conditions for attracting additional financial and technical resources necessary for the implementation of large-scale recovery and development projects for the Ukrainian economy.
This is reported by Finway
Opportunities for Cooperation Between Ukraine and BGK
According to the approved agreement, BGK will be able to provide financial and technical support to the government of Ukraine, as well as to state and private organizations through loans, grants, guarantees, or other instruments. The main goal is to support export initiatives, partnership projects, and investments, particularly in the fields of infrastructure, energy, transport, housing construction, and industrial development. A list of specific projects will be determined in close cooperation between the Ukrainian and Polish governments and the bank itself.
BGK — An Investment Tool for the Recovery of Ukraine
Bank Gospodarstwa Krajowego is a key financial institution in Poland that actively collaborates with the government, the European Union, and international financial organizations. BGK already provides export guarantees to Polish companies supplying their products to Ukraine, as well as financial support to Ukrainian enterprises. The bank plans to issue loans to Polish entrepreneurs participating in the recovery of the Ukrainian economy, which will help expand investments and promote economic growth in both countries.
“BGK will be able to operate in Ukraine, providing financial and technical assistance to the government, state and private institutions and organizations in the form of loans or other financial instruments. This includes support for exports, grants, or guarantees for the implementation of projects related to the recovery and development of Ukraine. These projects will be defined in cooperation between the government of Ukraine, the government of Poland, and the bank.”