KYIV. June 13 (Interfax-Ukraine) – The International Finance Corporation (IFC), part of the World Bank Group, plans in 2017 to attract about $250 million for projects in Ukraine, which is significantly higher than the figure of 2016, Jason Pellmar, who from June 1, 2017 was appointed head of the IFC regional office in Belarus and Ukraine, has told Interfax-Ukraine.
“We plan in June and over the next two or three months to invest and raise funds in the amount of about $150 million to support new projects and new customers. I think in general over 2017 we will reach a figure of about $250 million,” he said in an interview with Interfax-Ukraine.
Pellmar noted Ukraine is an important country for the IFC in the region. Now its economy is starting to recover and more projects appear the corporation would like to support as they are important for the long-term growth and the development of the country. As an example, he cited the agreement signed in March this year to provide $37 million for building the MV Cargo grain terminal.
According to him, the volume and specifics of IFC projects, as a rule, depend on the demand in the market, therefore in the previous several years the corporation focused on supporting the existing customers, for example, prolonged partial loan guarantees for Raiffeisen Bank Aval and Bayer, issued credit lines to replenish working capital to Astarta and Nyva Pereyaslavschyny.
