Ukraine became a member of IFC in 1993. IFC began operating in Ukraine by pioneering advisory projects in privatization and land reform. This helped create a base for the private sector, with support from such governments as Canada, Japan, Norway, Sweden, the United Kingdom, and the United States.
Our work in the 1990s helped establish 60,000 small businesses and create 700,000 new jobs. We also helped the government draft and adopt the first land code, introducing private land ownership rights in the country.