The U.S.-based International Development Finance Corporation (DFC) will send a special representative to Ukraine to speed up the process of obtaining insurance for investors. This was discussed during a meeting between Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine, and Scott Nathan, CEO of DFC, on November 14, 2023.
"We encourage strategic investors to apply for insurance either through the Ministry, directly to DFC, or through the future special representative. The instrument of investment insurance in Ukraine is already available, and DFC plans to intensify its work in this area," Yuliia Svyrydenko underscored.
Currently, DFC is interested in financing and insurance in key sectors of the economy, including energy projects. The American corporation already has experience supporting similar projects in other countries.
DFC announced two agreements totaling $60 million with Ukrainian banks to provide support to small and medium-sized businesses by facilitating their access to financing in Ukraine.
Another project is a $50 million guarantee provided for the International Finance Corporation’s (IFC) Global Trade Finance Program, which has increased access to international trade finance for Ukrainian banks.
DFC has already supported a number of projects in Ukraine worth $400 million. In particular, $250 million has been allocated to support the efforts of Ukrainian poultry and grain producers to mitigate the effects of the war.
DFC is a U.S. government agency and a development finance institution. It partners with the private sector to finance solutions to the most critical challenges. The company invests in energy, healthcare, infrastructure, agriculture, small businesses, and financial services.
Read also
Ukraine's Recovery: How to Change Critically Low Citizen Engagement Indicators?
The future has already arrived: blockchain technologies in the global economy and everyday life
