As of April 1, 2024, the Export Credit Agency (ECA) supported Ukrainian exports by UAH 627 million, which allowed the country’s exporters to attract UAH 99.8 million in financing from partner banks in cooperation with the agency, said Taras Kachka, Deputy Minister of Economy and Trade Representative of Ukraine.
“Supporting and developing processing companies that export their products to other countries is one of the priorities of the Made in Ukraine state policy. After all, the growth of domestic exports contributes to an increase in production and, at the same time, the creation of new jobs in the economy. As part of the “Made in Ukraine” program, we plan to promote Ukrainian goods to foreign markets. Consumers around the world should know our products. It should become a real symbol of quality for them,” the press service of the Ministry of Economy quoted him as saying.
According to him, the exporters’ support program with the participation of the ECA and partner banks was most often used by entrepreneurs from Vinnytsia region, where the volume of future export revenue in the region amounted to UAH 243.2 million, Kyiv (UAH 235.3 million) and Kharkiv region (UAH 33.7 million).
The most popular goods for sale abroad in the first quarter were toys and play equipment, clothing and various food products, which were supplied to foreign counterparties in Germany, the USA and India.
PJSC Export Credit Agency was founded in 2018. Its sole founder and shareholder is the state represented by the Cabinet of Ministers. The corporate rights owned by the state in the authorized capital of ECA are managed by the Cabinet of Ministers through the authorized management body – the Ministry of Economy.
The main goal of the ECA is to support and stimulate the expansion of exports of goods (works, services) of Ukrainian origin. The institution protects Ukrainian exporters from the risk of non-payment and financial losses associated with the fulfillment of foreign trade contracts, and provides a number of services to strengthen the credit policy of Ukrainian exporters.
