The team of Advantage Ukraine investment platform operating in partnership with the Ministry of Economy of Ukraine prepared and sent the first investment projects, totaling $430 million, to the American Corporation for International Development Finance (DFC) for consideration, the Ministry of Economy said on its website on Wednesday.
“The first five projects have been accepted for consideration by the DFC. In particular, these are projects of Ukrainian investors in the sectors of construction, production, e-commerce and residential real estate – a total of $430 million. Each of them will be evaluated separately. Also the project of crediting a foreign investor for the production of building materials for a few million, “- the department quotes Deputy Minister Oleksandr Griban from a meeting with business, organized by the American Chamber of Commerce in Ukraine.
He also clarified that at the moment several projects are at the early stages of processing, which Advantage Ukraine hopes to transfer soon to the DFC, in particular, projects in the sectors of logistics, deep agro-processing, energy, livestock and production of building materials.
The Ministry of Economy reminded that DFC has recently announced its readiness to mobilize more than $ 1 billion of private capital to support the Ukrainian economy.
It is noted that the Ministry of Economy and the DFC cooperate in the preparation and formation of the list of investment projects with the help of Advantage Ukraine. The project team of the initiative works with the support of the USAID Competitive Economy Ukraine Program and pre-selects projects, working with applicants.
US-based Development Finance Corporation (DFC, formerly OPIC), an agency of the US federal government, has announced its readiness to lend to Ukrainian businesses within individual projects in amounts ranging from $1 million to $1 billion each, Deputy Economy Minister of Ukraine Oleksandr Hryban said.
“The DFC agency is ready to lend to projects in Ukraine for amounts from $1 million to $1 billion. For the sake of Ukraine, they made an exception and are ready to issue loans even if an American investor is not represented in Ukrainian business,” he said.
At the same time, this information is not yet available on the DFC website. The press release of the corporation says that its head Scott Nathan within the framework of the 77th UN General Assembly last week joined a meeting chaired by President of Poland Andrzej Duda and with the participation of Prime Minister of Ukraine Denys Shmyhal. At the meeting, representatives of Polish and Ukrainian business circles discussed efforts to restore the Ukrainian economy in light of the devastation caused by Russia’s unprovoked war.
According to Hryban, DFC is ready to support Ukraine with several different financial instruments, in particular, to provide coverage for credit risks, including political and war ones.
In addition, the official added that DFC is ready to issue free financial grants to those companies that are recognized as promising, but which have not yet passed an international financial audit.
