Financing of investment projects from the International Finance Corporation
The International Finance Corporation (IFC) is considering financing investment projects submitted by the Ministry of Economy.
IFC is a member of the World Bank Group. One of the most important activities of the IFC is to mobilize more private capital for development, primarily in low-income countries, as well as in countries with instability and conflict. Since February 2022, the corporation has launched a USD 2 billion program to support the private sector in Ukraine, of which USD 600 million has already been implemented. Ukraine has been a member of the IFC since 1993.
Recently, Yulia Svyrydenko met with the Vice President of IFC Europe and discussed the current economic situation in Ukraine and the prospects for economic recovery. In particular, business support programs such as grant programs, access to finance through affordable lending, employment promotion, investment attraction and war risk insurance contribute to this.
During the meeting, it was agreed that the IFC would analyze existing investment projects for possible financing. The IFC is also considering the possibility of creating mechanisms to finance the reconstruction of housing in Ukraine with additional resources from commercial banks.
