The Ministry of Economy plans to increase the capitalization of the Export Credit Agency.

The Ministry of Economy of Ukraine plans to increase the capitalization of the Export Credit Agency (ECA) by 5 billion hryvnias to expand its activities. The ministry is considering several options for attracting financing.

This was stated by Taras Kachka, Deputy Minister of Economy - Trade Representative of Ukraine.

'The Export Credit Agency is an important institution that effectively interacts with the financial and production sectors, providing necessary financing for producers. To further develop this strategically important institution, it is necessary to increase its capitalization. Currently, we have set a target figure of 5 billion hryvnias for increasing the capital of the agency,' said Kachka.

According to him, obtaining these funds depends on the capabilities of the state budget. At the same time, the Ministry of Economy is considering alternative financing options.

'We have ideas regarding direct increases, attracting donor funds, and possibly even, in the medium term, bringing in an investor - a foreign export credit agency,' Kachka summarized.

Although the process of attracting an additional 5 billion UAH will take time, the ministry has already developed several scenarios for implementing this project and is actively working on their realization.