ABOUT ACTIVITY

USAID Economic Resilience Activity (ERA) was designed to foster Ukrainian economic resilience in the face of Russia’s invasions. ERA supports displaced businesses and persons, and the newly liberated areas of Ukraine, to rebuild their lives and livelihoods and capitalize on entrepreneurial opportunities; and local institutions to rebuild a resilient post-war economy. Also, ERA is now one of the implementers of a U.S. government interagency Agricultural Resilience Initiative (AGRI) to bolster Ukrainian agricultural production and exports and to help alleviate the global food security crisis exacerbated by Putin’s brutal war on Ukraine, and USAID’s Economic Stability and Recovery Initiative (ESRI), focusing on keeping and creating jobs and helping small and medium-sized enterprises (SMEs) survive and grow.

ERA’s objective is to improve Ukraine’s economic resilience in response to Russia’s aggression, including the expanded invasion that began on February 24, 2022, which has disrupted critical market linkages, catalyzed the economic decline of previously dominant industries, and caused massive population disruption. ERA’s focus is to support Ukrainians forced to flee eastern Ukraine.

The activity aims to improve Ukraine’s economic resilience, specifically those Ukrainians impacted by Russia’s expanded invasion, by accomplishing the following objectives:

1) provide assistance to stabilize the economy of Ukraine;

2) support the sustainable development of micro, small and medium enterprises (MSMEs); and

3) build confidence in the future of the Ukrainian economy.