The Italian export credit agency SACE will allocate EUR1.5 billion to support trade and financial transactions, in particular in the field of healthcare and infrastructure.

As reported on the website of the Ministry of Economy of Ukraine, this was discussed at the meeting between First Deputy Prime Minister of Ukraine, Minister of Economy of Ukraine Yulia Svyrydenko and Ambassador Extraordinary and Plenipotentiary of the Italian Republic to Ukraine Pier Francesco Zazo, at which the Ukrainian side called on SACE to strengthen cooperation with Ukraine and expand the types of covered risks.

In addition, the Export Credit Agency intends to support investments of Italian companies in Ukraine and provide export loans, preferential lending and direct investment.

The First Deputy Prime Minister noted the importance of supporting Ukrainian small- and medium-sized businesses (SMEs), which are the basis of the national economy. She said that the government also looks forward to intensifying cooperation with the Italian Agency for Cooperation Development (AICS) to promote local economic development, job creation and support for SMEs.

In addition, the parties discussed issues of the return of Ukrainians. The issue of providing Ukrainians with housing remains important.

SACE is an Italian export credit agency and an active participant in the largest international organizations in the field of export credit. SACE's activities are governed by European Union legislation and the OECD Agreement on Officially Supported Export Credits.