By KYIV. Oct 24 (Interfax-Ukraine) – The American International Development Finance Corporation (DFC) has approved five new projects in Ukraine with a total value of more than $380 million aimed at supporting food security, small businesses, the healthcare system and international trade, the press service of the Ministry of Economy of Ukraine reported.
“Specifically, DFC has allocated $250 million to support the efforts of Ukrainian poultry farmers and grain producers to mitigate the consequences of Russia’s war against Ukraine,” the statement said.
According to it, the corporation also entered into two separate agreements totaling $60 million with Ukrainian banks to mobilize capital to continuously support small and medium-sized businesses by facilitating their access to financing in Ukraine. It is noted that USAID will support each of these transactions with technical assistance.
Micro-enterprises and SMEs will be able to obtain financing from banks with relaxed requirements as DFC guarantees will be used to supplement borrowers’ collateral.
Another project concerns $50 million in guarantees for the International Finance Corporation’s (IFC) Global Trade Finance Program, which has expanded Ukrainian banks’ access to international trade finance.
“This project supports critical flows of both imports and exports for Ukrainian companies,” the ministry noted.
