The main areas of implementation of this program are trade finance for Ukrainian banks, the agricultural sector and small and medium-sized enterprises.
The International Finance Corporation (IFC) has allocated $2 billion to support investments in Ukraine. This was reported by the Ministry of Economy of Ukraine.
It is reported that the main areas of implementation of this program are trade finance for Ukrainian banks, the agricultural sector and small and medium-sized enterprises.
“It is very important that the corporate management supported the proposal to allow IFC to work with state-owned companies. This was done as an exception for Ukraine. In general, IFC is almost forbidden to work with state-owned companies ,” said Economy Minister Yulia Sviridenko.
In addition, the IFC Board of Directors approved two separate projects for the private sector: for the French company EnVivo, which has agribusiness in Ukraine, and war risk insurance (through MIGA) for Raiffeisen Bank .
“It is expected that such financing will mobilize private loan capital, since the IFC usually finances no more than 30% of the project cost, involving commercial banks and other IFIs in the financing agreement. So, the total amount of projects of Ukrainian enterprises that can be financed can be more than 6 billion dollars,” said Sviridenko.
Remind you that the adviser to the Head of the Office, President Mikhail Podolyak, believes that after winning the war with the Russian Federation, Ukraine will become a very popular country for industrial investments and a high-tech economy .
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.