Denmark’s Export and Investment Fund remains leader in implementing recovery projects in Ukraine

Among the export credit agencies working with recovery projects in Ukraine, the Export and Investment Fund of Denmark (EIFO) remains the leader.

Deputy Head of the Presidential Office of Ukraine Rostyslav Shurma said this at the Ukraine Recovery Conference in Berlin, Ukrinform reports.

"We would like every export credit agency to consider what the EIFO has done for Ukraine. The result is really great. What impressed me the most when I talked to the management of the EIFO was their statement that yes, we really support Ukraine, this is assistance, but we also see it as a long-term business, because we believe that Ukraine has a huge market potential, and we want our companies to be the first there. It is our conscious decision to take this step to make these companies market leaders. Others later adopted this approach. This is indeed the way to recovery," said Shurma.

As reported, the Danish government established the Danish-Ukrainian Fund in March 2023. It coordinates Denmark's efforts to provide long-term support to Ukraine in the military, humanitarian, and economic sectors. In particular, a state loan and guarantee scheme managed by the Export and Investment Fund of Denmark was established with the first tranche of $144 million allocated for the reconstruction of Ukraine's critical infrastructure. It was envisaged that the EIFO would finance projects involving up to 50% of the Ukrainian component. At the same time, the main condition for financing is that the economic interest of the Danish side should exceed 30% of the contract value.

In April, the Danish government announced the allocation of at least 300 million kroner for Danish companies investing and implementing business projects in Ukraine.