Second Export Develoment Project

Abstract*

The Second Export Development Project (EDP2) will provide a new credit line, backed by the Bank's variable spread US Dollar loan of 20 years of maturity, including a 5-year race period, and guaranteed by the Ukrainian government on behalf of the Ukraine, to UEB (State Export-Import Bank of Ukraine), a state-owned foreign trade development bank, for further on-lending to eligible financial intermediaries. The main project emphasis will be on UEB operating... Show More

Development Objective

(i) Serve as a catalyst to support export and real sector growth in Ukraine during the EDP 2 implementation period (2006-2011) and beyond, by providing medium and long-term working capital and investment finance to Ukrainian private exporting enterprises. (ii) Further improve the ability of the Ukrainian banking sector to provide financial resources to the enterprise sector, through further development of intermediation, by expanding its depth and breadth through more and better lending products.

Key Details

Project Details

Project ID
P095203
Status
Closed
Team Leader
Colleen Mascenik
Borrower 2
Ministry of Economy and Trade

Country
Ukraine
Disclosure Date
July 22, 2005
Approval Date
(as of board presentation)
July 27, 2006
Effective Date
March 20, 2007

Total Project Cost 1
US$ 154.50 million
Implementing Agency
State Export Import Bank of Ukraine
Region
Europe and Central Asia
Fiscal Year 3
2007

Commitment Amount
US$ 154.50 million
Environmental Category
F
Environmental and Social Risk
Not Applicable
Closing Date
December 31, 2014

Last Stage Reached
BANK APPROVED
Last Update Date
March 16, 2015

Associated Projects
P109649

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Economic Policy

FY17 - Trade50%
- FY17 - Trade Facilitation50%

FY17 - Finance

FY17 - Financial Stability26%
- FY17 - Financial Sector Integrity13%
- FY17 - Financial Sector oversight and policy/banking regulation & restructuring13%

FY17 - Private Sector Development

FY17 - Business Enabling Environment25%
- FY17 - Investment and Business Climate25%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	154.50

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	154.50
IDA Commitment	N/A
IBRD + IDA Commitment	154.50

Lending Instrument
Grant Amount	N/A
Total Project Cost**	154.50

Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025

No data available.

Detailed Financial Activity as of April 30, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Jul 27, 2006	IBRD-48360	Loan Commitment	154,500,000.00
May 15, 2024	IBRD-80890	Int Charges	22,194.52
May 15, 2024	IBRD-80890	Int Charges	3,591,455.80
May 15, 2024	IBRD-80890	Loan Repay	3,120,000.00
Apr 15, 2017	IBRD-48360	Loan Repay	3,470,998.80
Apr 15, 2017	IBRD-48360	Loan Repay	974,001.30
May 15, 2017	IBRD-80890	Int Charges	1,410,291.60
Nov 15, 2017	IBRD-80890	Loan Repay	3,120,000.00
Nov 15, 2017	IBRD-80890	Int Charges	1,602,333.40
Apr 15, 2018	IBRD-48360	Int Charges	5,673.77
Apr 15, 2018	IBRD-48360	Int Charges	1,071,570.50
Apr 15, 2018	IBRD-48360	Loan Repay	3,612,755.80
Apr 15, 2018	IBRD-48360	Loan Repay	1,077,244.20
Oct 15, 2018	IBRD-48360	Int Charges	1,529,770.20
Nov 15, 2018	IBRD-80890	Int Charges	2,343,927.00
Nov 15, 2018	IBRD-80890	Loan Repay	776,073.06
Nov 15, 2018	IBRD-80890	Loan Repay	2,343,927.00
May 15, 2018	IBRD-80890	Loan Repay	1,683,734.40
May 15, 2018	IBRD-80890	Int Charges	1,683,734.40
May 15, 2018	IBRD-80890	Loan Repay	1,436,265.60
Nov 15, 2019	IBRD-80890	Int Charges	2,312,475.20
Nov 15, 2019	IBRD-80890	Loan Repay	3,120,000.00
Nov 15, 2019	IBRD-80890	Int Charges	0.01
May 15, 2019	IBRD-80890	Loan Repay	2,510,228.80
May 15, 2019	IBRD-80890	Int Charges	2,510,228.80
May 15, 2019	IBRD-80890	Loan Repay	609,771.30
Oct 15, 2018	IBRD-48360	Loan Repay	3,285,229.80
Oct 15, 2018	IBRD-48360	Loan Repay	1,529,770.20
Oct 15, 2019	IBRD-48360	Int Charges	1,468,636.00
Oct 15, 2019	IBRD-48360	Loan Repay	5,080,000.00
Nov 15, 2019	IBRD-80890	Int Charges	-0.01
Apr 15, 2019	IBRD-48360	Loan Repay	4,945,000.00
Apr 15, 2019	IBRD-48360	Int Charges	1,538,609.80
May 15, 2020	IBRD-80890	Int Charges	1,773,408.00
May 15, 2020	IBRD-80890	Loan Repay	3,120,000.00
Apr 15, 2020	IBRD-48360	Int Charges	1,094,437.60
Apr 15, 2020	IBRD-48360	Loan Repay	5,220,000.00
Oct 15, 2020	IBRD-48360	Int Charges	715,392.75
Oct 15, 2020	IBRD-48360	Loan Repay	5,360,000.00
May 15, 2021	IBRD-80890	Int Charges	612,142.00
Apr 15, 2021	IBRD-48360	Int Charges	287,841.10
Apr 15, 2021	IBRD-48360	Loan Repay	5,505,000.00
Nov 15, 2020	IBRD-80890	Int Charges	919,251.75
Nov 15, 2020	IBRD-80890	Loan Repay	3,120,000.00
May 15, 2021	IBRD-80890	Loan Repay	3,120,000.00
Nov 15, 2021	IBRD-80890	Int Charges	587,965.90
Nov 15, 2021	IBRD-80890	Loan Repay	3,120,000.00
Oct 15, 2021	IBRD-48360	Int Charges	268,714.70
Oct 15, 2021	IBRD-48360	Loan Repay	5,655,000.00
May 15, 2022	IBRD-80890	Loan Repay	3,120,000.00
May 15, 2022	IBRD-80890	Int Charges	588,467.20
Apr 15, 2022	IBRD-48360	Loan Repay	5,810,000.00
Apr 15, 2022	IBRD-48360	Int Charges	226,137.02
Apr 15, 2023	IBRD-48360	Int Charges	61,334.62
Apr 15, 2023	IBRD-48360	Int Charges	1,276,658.10
Apr 15, 2023	IBRD-48360	Loan Repay	6,130,000.00
May 15, 2023	IBRD-80890	Int Charges	166,620.70
Nov 15, 2022	IBRD-80890	Int Charges	1,892,356.10
Nov 15, 2022	IBRD-80890	Loan Repay	3,120,000.00
Oct 15, 2022	IBRD-48360	Loan Repay	5,970,000.00
Oct 15, 2022	IBRD-48360	Int Charges	761,076.44
Oct 15, 2023	IBRD-48360	Int Charges	1,403,530.60
May 15, 2023	IBRD-80890	Int Charges	2,990,623.50
May 15, 2023	IBRD-80890	Loan Repay	3,120,000.00
Apr 15, 2024	IBRD-48360	Int Charges	16,603.84
Apr 15, 2024	IBRD-48360	Int Charges	1,328,098.60
Apr 15, 2024	IBRD-48360	Loan Repay	6,470,000.00
Oct 15, 2023	IBRD-48360	Int Charges	28,501.21
Dec 11, 2014	IBRD-80890	Loan Disb	2,400,000.00
Dec 30, 2014	IBRD-80890	Loan Disb	10,000,000.00
Oct 7, 2014	IBRD-80890	Loan Disb	1,905,000.00
Sep 26, 2014	IBRD-80890	Loan Disb	680,578.60
Jul 16, 2013	IBRD-80890	Loan Disb	5,771,054.50
Nov 25, 2014	IBRD-80890	Loan Disb	6,100,000.00
Jul 26, 2013	IBRD-80890	Loan Disb	7,200,000.00
Dec 19, 2014	IBRD-80890	Loan Disb	1,100,000.00
Jul 19, 2013	IBRD-80890	Loan Disb	2,009,745.40
Nov 15, 2023	IBRD-80890	Int Charges	69,302.66
Nov 15, 2023	IBRD-80890	Int Charges	3,497,076.80
Nov 15, 2023	IBRD-80890	Loan Repay	3,120,000.00
Oct 15, 2023	IBRD-48360	Loan Repay	6,300,000.00
Aug 25, 2011	IBRD-80890	Loan Commitment	150,000,000.00
Jan 5, 2015	IBRD-80890	Loan Disb	3,887,024.00
Nov 15, 2014	IBRD-80890	Int Charges	343,528.10
Nov 7, 2014	IBRD-80890	Loan Disb	15,000,000.00
Dec 8, 2014	IBRD-80890	Loan Disb	8,900,000.00
Oct 15, 2014	IBRD-48360	Int Charges	402,653.88
Oct 15, 2014	IBRD-48360	Loan Repay	3,482,346.00
Oct 15, 2014	IBRD-48360	Loan Repay	402,653.88
Oct 17, 2014	IBRD-80890	Loan Disb	4,995,000.00
Oct 28, 2013	IBRD-80890	Loan Disb	335,786.88
Oct 9, 2013	IBRD-80890	Loan Disb	1,796,295.60
Sep 11, 2013	IBRD-80890	Loan Disb	644,851.00
Nov 8, 2013	IBRD-80890	Loan Disb	923,909.50
Aug 9, 2013	IBRD-80890	Loan Disb	749,491.40
Aug 20, 2013	IBRD-80890	Loan Disb	1,677,510.90
Apr 15, 2014	IBRD-48360	Int Charges	439,919.25
Apr 15, 2014	IBRD-48360	Loan Repay	3,780,000.00
Dec 6, 2013	IBRD-80890	Loan Disb	139,733.27
Jan 3, 2014	IBRD-80890	Loan Disb	10,000,000.00
Nov 19, 2013	IBRD-80890	Loan Disb	1,358,846.00
Nov 15, 2013	IBRD-80890	Int Charges	1,071.32
Nov 15, 2013	IBRD-80890	Int Charges	148,411.78
Oct 15, 2013	IBRD-48360	Int Charges	505,185.22
Oct 15, 2013	IBRD-48360	Loan Repay	3,680,000.00
Jan 8, 2014	IBRD-80890	Loan Disb	5,000,000.00
Jan 21, 2014	IBRD-80890	Loan Disb	5,020,655.50
Sep 25, 2014	IBRD-80890	Loan Disb	5,098,428.00
Jun 27, 2014	IBRD-80890	Loan Disb	1,561,181.40
Jun 17, 2014	IBRD-80890	Loan Disb	541,874.00
Jul 8, 2014	IBRD-80890	Loan Disb	7,194,084.00
Jun 10, 2014	IBRD-80890	Loan Disb	1,682,789.20
Jun 24, 2014	IBRD-80890	Loan Disb	797,818.90
May 15, 2014	IBRD-80890	Int Charges	1,952.42
May 15, 2014	IBRD-80890	Int Charges	242,960.30
Jun 2, 2014	IBRD-80890	Loan Disb	12,878,599.00
May 15, 2015	IBRD-80890	Int Charges	13,895.19
May 15, 2015	IBRD-80890	Int Charges	602,586.00
Sep 10, 2014	IBRD-80890	Loan Disb	952,811.40
Oct 15, 2015	IBRD-48360	Int Charges	477,565.72
Oct 15, 2015	IBRD-48360	Loan Repay	3,622,434.20
Oct 15, 2015	IBRD-48360	Loan Repay	477,565.72
Nov 15, 2015	IBRD-80890	Int Charges	720,666.70
Apr 15, 2015	IBRD-48360	Int Charges	409,185.78
Apr 15, 2015	IBRD-48360	Loan Repay	3,990,000.00
Apr 15, 2016	IBRD-48360	Int Charges	544,687.80
Apr 15, 2016	IBRD-48360	Loan Repay	3,665,312.20
Apr 15, 2016	IBRD-48360	Loan Repay	544,687.80
Oct 15, 2016	IBRD-48360	Int Charges	771,065.94
Oct 15, 2016	IBRD-48360	Loan Repay	3,553,934.00
Oct 15, 2016	IBRD-48360	Loan Repay	771,065.94
May 15, 2016	IBRD-80890	Int Charges	872,083.30
Nov 15, 2016	IBRD-80890	Int Charges	1,134,666.60
Oct 15, 2017	IBRD-48360	Int Charges	1,043,972.30
Oct 15, 2017	IBRD-48360	Loan Repay	3,521,027.80
Oct 15, 2017	IBRD-48360	Loan Repay	1,043,972.30
Apr 15, 2017	IBRD-48360	Int Charges	974,001.30

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Overall Safeguards Rating	Satisfactory	2014-12-22
Progress towards achievement of PDO	Satisfactory	2014-12-22
Financial Management	Satisfactory	2014-12-22
Monitoring and Evaluation	Satisfactory	2014-12-22
Overall Implementation Progress (IP)	Satisfactory	2014-12-22
Procurement	Satisfactory	2014-12-22
Counterpart Funding	Satisfactory	2014-12-22
Project Management	Satisfactory	2014-12-22

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 06-08-2015
Outcomes	Substantial
Risk to Development Outcome	Substantial
Bank Performance	Substantial
Borrower Performance	Substantial
Government Performance	Moderately Satisfactory
Implementing Agency	Substantial

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 06-03-2016	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Satisfactory	N/a
Risk To Development Outcome	Significant	N/a
Bank Performance	Satisfactory	N/a
Borrower Performance	Satisfactory	N/a
Government Performance	Moderately Satisfactory	N/a
Implementing Agency	Satisfactory	N/a
Icr Quality	Satisfactory	N/a
M&e Quality	Substantial	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Incremental average aggregate annual exports generated (measured over 3 years for all sub-borrowers) / total credit line disbursed	Value	0	2.69	1.7-2.0
	Date	March 20, 2007	January 1, 2014	December 31, 2014
	Comment

Aggregate Export Dynamics Value 44873500000.00 83790000000.00 115000000000.00
Date December 31, 2006 April 1, 2014 December 31, 2014
Comment
Portfolio at Risk Value 0.00 0.00 0.00
Date December 31, 2006 November 10, 2014 December 31, 2014
Comment
Direct project beneficiaries Value 0.00 64.00 50.00
Date December 31, 2006 December 10, 2014 December 31, 2014
Comment
Share of subprojects/amounts financed through PBs participating in EDP2 Value 0.00 47.68 40.00
Date December 31, 2006 November 10, 2014 December 31, 2014
Comment
Female beneficiaries Value 0.00 39.00 50.00
Date December 31, 2006 December 10, 2014 December 31, 2014
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Financial Sustainability of the Borrower - Return on Assets Value 2.34 0.22 1.00
Date December 31, 2006 December 31, 2013 December 31, 2014
Comment
Medium and long term working capital and investment finance to private exporting enterprises Value 0.00 285000000.00 300000000.00
Date December 31, 2006 December 9, 2014 December 31, 2014
Comment

Aggregate Export Dynamics	Value	44873500000.00	83790000000.00	115000000000.00
	Date	December 31, 2006	April 1, 2014	December 31, 2014
	Comment

Portfolio at Risk	Value	0.00	0.00	0.00
	Date	December 31, 2006	November 10, 2014	December 31, 2014
	Comment

Direct project beneficiaries	Value	0.00	64.00	50.00
	Date	December 31, 2006	December 10, 2014	December 31, 2014
	Comment

Female beneficiaries	Value	0.00	39.00	50.00
	Date	December 31, 2006	December 10, 2014	December 31, 2014
	Comment

Financial Sustainability of the Borrower - Return on Assets	Value	2.34	0.22	1.00
	Date	December 31, 2006	December 31, 2013	December 31, 2014
	Comment