US Development Finance Corporation to raise $1 billion to invest in Ukraine
The first projects can be implemented during the war (Photo:Scott Graham)
The United States International Development Finance Corporation (DFC) is looking to mobilize $250 million for banks in Ukraine to expand small business lending in the country, DFC CEO Scott Nathan said during his visit to Kyiv on Jan. 31.
“I’m here in Kyiv today because we are investing now to help keep Ukrainian businesses moving forward despite the difficult circumstances,” DFC quotes Nathan in a press release.
“I’m convinced that new DFC investments here will mobilize well over $1 billion in private sector capital to support the economy of Ukraine. DFC remains committed to supporting high-standard, high-value projects in this country in the months and years to come.”
At the American Chamber of Commerce of Ukraine, Nathan presented two letters of intent to “explore” investment opportunities in Ukraine. DFC will be working with Horizon Capital to invest in eCommerce, fintech, and technology companies in the country. The second letter outlines a plan to fund the expansion of Dobrobut private clinic network in Kyiv.
In general, DFC works to raise private capital to invest in solving most acute problems in developing countries, with a particular focus on energy, healthcare, infrastructure, and tech sectors.
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