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Supporting Ukraine: Proparco's enhanced strategic response
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Stéphane Froissardey Regional Director Eurasia Proparco

Proparco has reiterated its commitment to rebuilding Ukraine's economy at the Ukraine Recovery Conference, organised on 10 - 11 July 2025 in Rome. Its strategy is based around four key focuses aimed at supporting the country's microbusinesses and SMEs, sustaining essential infrastructure and doing everything to ensure a solid recovery of the Ukrainian economy. Further insight is provided by Stéphane Froissardey, Proparco's Regional Director for Eurasia.
How has Proparco responded to the consequences of the war in Ukraine?
Stéphane Froissardey : Since the start of the conflict in 2022, Proparco has liaised closely with its Ukrainian partners in order to understand their situation, assess their needs and devise a strategy tailored to the priorities identified.Four focuses have been selected. Supporting investment funds with bankable projects that have a major impact on the population and provide the capital essential for reconstruction. It is also vital to develop renewable energies, given that at least 60% of the country's energy capacity has been destroyed. The aim is to rebuild more resilient renewable and decentralised power plants.
Moreover, it is essential to support Ukrainian banks by sharing risks and stimulating lending to SMEs. Lastly, it is also important to finance the agribusiness sector which is vital for food security. This sector needs resources to boost its production and working capital, despite the logistical constraints imposed by the conflict.
At the Ukraine Recovery Conference organised in Rome, Proparco has officially announced its participation in a major initiative headed up by France, Germany, Italy and Poland, with vital support from the European Commission and the European Investment Bank (EIB).

How is this strategy being implemented at present in concrete terms?
Proparco has put together a solid pipeline of projects covering these four priority focuses, for a total amount of approximately €200 million. This diversified portfolio reflects the demand identified among investment funds, local banks and stakeholders in the Ukrainian energy and agribusiness sector. If 50% of these projects come to fruition, Proparco would triple its exposure in Ukraine when compared to its position at the beginning of the war.
In concrete terms, two operations have already been signed: a guarantee, in partnership with the EBRD, for international trade finance operations conducted by a Ukrainian bank, and a new €40 million stake acquired in an investment fund. The guarantees, which can be mobilised with the European Commission, will be vital in achieving these ambitious objectives and securing financing in what remains a very risky environment.
What other initiatives is Proparco rolling out to support the Ukrainian private sector?
At the Ukraine Recovery Conference organised in Rome, Proparco has officially announced its participation in a major initiative headed up by France, Germany, Italy and Poland, with vital support from the European Commission and the European Investment Bank (EIB). This project is designed to inject capital into the Ukrainian economy by supporting SMEs, infrastructure projects and businesses wishing to forge strong ties with European players.
The aim is to bolster the Ukrainian entrepreneurial ecosystem and anchor it in a robust partnership with the EU. Proparco is working along with the other French teams involved in the project, notably the French Treasury and the President of France's Task Force on Ukraine.
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