U.S. International Development Finance Corporation (DFC) announced its intent to mobilize $250 million this year in loans to small and medium-sized businesses in Ukraine. The company is willing to allocate a total of $1 billion, as DFC Chief Executive Officer Scott Nathan said during a meeting with Ukrainian Minister of Economy Yulia Svyrydenko, according to the press service of the ministry.
According to Svyrydenko, the ministry of economy and DFC work together on the list of investment projects using Advantage Ukraine, the government’s investment initiative.
"The project team for the initiative includes investment bankers and specialists from investment funds from the Big Four. It is supported by the USAID Competitive Economy Program in Ukraine. This is the team responsible for the preliminary selection of projects. After the victory, our country will become extremely attractive for investors. But we’re doing our best to ensure that the investment process starts now," said Yulia Svyrydenko.
U.S. International Development Finance Corporation announced that it was willing to mobilize a total of $1 billion to support Ukraine’s economy.
"The private sector is resilient and has a crucial role to play in investing for Ukraine’s future. I’m here in Kyiv today because we are investing now to help keep Ukrainian businesses moving forward despite the difficult circumstances. I’m convinced that new DFC investments here will mobilize well over $1 billion in private sector capital to support the economy of Ukraine. DFC remains committed to supporting high-standard, high-value projects in this country in the months and years to come," said DFC CEO Scott Nathan.
U.S. International Development Finance Corporation (DFC) is the U.S. Government's development finance institution that works with the private sector to finance solutions to the most critical challenges facing the developing world today. DFC invests across sectors, including energy, healthcare, critical infrastructure, and technology. DFC also provides financing for small businesses and women entrepreneurs in order to create jobs in emerging markets. DFC normally supports only Americans who invest in various countries around the world. However, the company has made an exception for Ukraine and is ready to give loans to Ukrainian businesses even without American investors.