After attaining independence in 1991, Ukraine undertook inconsistent reforms toward becoming an efficient market-based economy. USAID supports a competitive economy in Ukraine in which small and medium-size businesses are free to achieve their potential. With USAID support, the Government of Ukraine recently achieved several milestones, including introducing an electronic disclosure and reporting system for publicly listed companies, creating institutions to facilitate transparent and efficient asset trading, and developing a bond market.
USAID works with Ukrainians to build a strong financial sector in Ukraine regulated by politically and financially independent entities, supported by industry best practices, integrated with international standards, and trusted by Ukraine’s citizens and the investor community.
USAID programs improve the business climate at the national and local levels to encourage domestic and foreign trade and investment. By streamlining laws and regulations that contribute to the cost of doing business, USAID fosters a competitive Ukrainian economy.
Business Investments and Loans
Project Period: September 21, 1994 – December 31, 2023
USAID created the Western NIS Enterprise Fund (WNISEF), a regional private equity fund for Ukraine and Moldova, in 1994, capitalizing it with $150 million, and for two decades WNISEF invested in small and medium-sized companies in the region. In 2014, USAID re-directed the remaining funds toward promoting policies and practices that support private sector development. WNISEF now focuses on developing economic leadership and local economies and building social investments and export promotion.
PRIVATE SECTOR DEVELOPMENT:
Competitive Economy Program
Project Period: October 16, 2018 – October 15, 2023
USAID’s Competitive Economy Program (CEP) advances a strong, diverse, and open Ukrainian economy by supporting business startups and small and medium-sized enterprises (SMEs) to become more competitive in domestic and international markets. CEP’s principal objectives are: strengthening the business enabling environment, developing new and innovative industries and firms, and promoting export and trade.
Competitive Markets Program (CMP)
Project Period: December 4, 2019 – December 5, 2024
The Competitive Markets Program promotes development of an effective competition policy and a competitive business environment. The Federal Trade Commission (FTC) and the Department of Justice (DOJ) provide technical assistance primarily by deploying advisors to the Anti-Monopoly Committee. CMP experts focus on three areas: 1) strengthening the capacity of the Anti-Monopoly Committee of Ukraine (AMCU) to apply Ukraine’s competition legislation in a way that supports free markets; 2) supporting the reform of Ukrainian institutions, legislation, and policies necessary to the functioning of a competitive market; and, 3) supporting USAID and other US Government programs in identifying key areas in which anti-competitive conduct is occurring and helping these programs find broad-based solutions to combat anti-competitive conduct.
Cybersecurity for Critical Infrastructure in Ukraine Activity
Project Period: May 18, 2020 – September 17, 2024
USAID’s Cybersecurity for Critical Infrastructure in Ukraine Activity strengthens the resilience of Ukraine’s critical infrastructure to withstand cyberattacks by establishing trusted collaboration between key cybersecurity stakeholders in government, the private sector, academia, and civil society. The Activity includes three mutually-reinforcing components: 1) strengthening the cybersecurity enabling environment; 2) developing Ukraine’s cybersecurity workforce; and, 3) building a resilient cybersecurity industry.