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Economic Growth

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USAID Agriculture and Rural Development Support Project co-invested with VSESTO company to procure equipment for processing and storing cabbage and carrot, onion, marrow squash, beetroot, and other vegetables.
USAID Agriculture and Rural Development Support Project co-invested with VSESTO company to procure equipment for processing and storing cabbage and carrot, onion, marrow squash, beetroot, and other vegetables.
Vladyslav Sodel

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.

Current Programs:


Business Investments and Loans
Implementer: Western NIS Enterprise Fund/Horizon Capital
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.


Competitive Economy Program
Implementer: Chemonics Int.
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.    

Economic Resilience Activity
Implementer: DAI Global
Project Period: August 27, 2018 – August 26, 2023

The conflict in eastern Ukraine has disrupted critical market linkages, catalyzed the economic decline of previously dominant industries, and caused massive population disruption. ERA will support entrepreneurs and small- and medium-sized businesses in competitive sectors to mitigate the impacts of the conflict and reduce the region's reliance on oligarch-backed big businesses and trade with Russia. In the short-term, ERA will work with conflict-affected and vulnerable populations to help them rebuild their economic livelihoods. In the medium-term, ERA will work in select value chains and with innovative businesses to help them expand and find new markets. ERA’s long-term goal is to build confidence in the future of the eastern Ukrainian economy by stimulating entrepreneurship and investment in the region. ERA’s primary focus is on providing support to Luhansk and Donetsk Oblasts, while also working to strengthen economic linkages between these two oblasts and the rest of the country.

Analytical Services in Support of the Economic Resilience Activity
Implementer: Resonance Global
Project Period: August 20, 2018 – August 19, 2023

The Analytical Services in Support of the Economic Resilience Activity supports the implementation of USAID’s Economic Resilience Activity (ERA) by providing third-party monitoring and evaluation services to ensure that ERA’s efforts are having an impact. This activity supports USAID’s commitment to data-driven, evidence-based development and maximizing the impact of U.S. taxpayer assistance.

Competitive Markets Program (CMP)
Implementer: U.S. Federal Trade Commission (FTC)
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  
Implementer: DAI Global
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.

Last updated: January 20, 2022

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