DFC to raise up to USD 1 billion in financing to support Ukraine’s economy
Ukraine’s recovery should contribute to solving many global problems, including the food and energy crises in the world. This was stated by Prime Minister of Ukraine Denys Shmyhal during his speech at an event at the American Chamber of Commerce organized by the U.S. International Development Finance Corporation (DFC).
“We know that DFC usually provides support only to American investors implementing projects around the world. That is why we really appreciate the readiness to provide financing to Ukrainian companies as well,” said Denys Shmyhal.
According to the Prime Minister, the U.S. International Development Finance Corporation cooperates with the private sector to finance the most critical civil infrastructure projects. At the same time, he said, it was urgent for Ukraine not only to restore the critical energy infrastructure destroyed by russian missile strikes, but also to create a new energy system of Ukraine.
“Decentralized, built on the basis of modern technologies as part of the energy transition, with an emphasis on renewable and nuclear energy, new hydrogen technologies. We are convinced that American business will be able to play an important role in this process, which will require support from the DFC,” the Prime Minister said.
The U.S. International Development Finance Corporation has also announced its readiness to mobilize up to USD 1 billion to support Ukraine’s economy. In particular, USD 250 million this year to help finance programs to support small and medium-sized businesses.
“The Government of Ukraine is grateful to DFC for the assistance provided and is ready to make the necessary efforts to further develop this cooperation. Becoming part of Ukraine’s recovery today is the most powerful investment in the future,” the Prime Minister emphasized.
Denys Shmyhal discussed tools for attracting investment and areas of business support with DFC CEO Scott Nathan during a personal meeting on the sidelines of the event. The Head of Ukrainian Government emphasized the importance of investment in healthcare, energy, agriculture, and education. The parties also touched upon the issue of launching a stock market in Ukraine.