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World Bank to launch $593 million program to support Ukrainian SMEs

The World Bank building in Washington, D.C. (Photo by Shiny Things via WikiCommons)

The World Bank said it will launch a $593 million private sector development program in Ukraine to support 20,000 small and medium-sized enterprises (SMEs).

The Resilient, Inclusive, and Sustainable Enterprise (RISE) program will boost the efficiency of state support to SMEs with a focus on green competitiveness and help them preserve or create 40,000 jobs, the World Bank said in a press release.

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