STORY HIGHLIGHTS

• Russia’s invasion of Ukraine disrupted operations for micro, small, and medium-sized businesses across the country, as employees fled, facilities were destroyed, and access to finance was constrained.
• Financed with World Bank Group support, the government’s 5-7-9 loan program has helped subsidize borrowing costs for over 20,000 firms across the country.
• To date, businesses kept afloat through this program have created over 50,000 new jobs and generated over $318 million of export volumes.