The U.S. International Development Finance Corporation (DFC) has approved five new projects in Ukraine in the last quarter of the 2023 U.S. government fiscal year (covering the period from July 1 to September 30, 2023) with a total value of over $380 million to support food security, small businesses, healthcare systems, and international trade.
"Cooperation between Ukrainian companies and banks with the U.S. International Development Finance Corporation (DFC) enhances Ukraine's economic resilience on the one hand, and sends a strong signal to investors worldwide that even during a war, there's no need to fear investing in Ukraine. Today, the DFC mandate allows support not only for American investors but also for European and Ukrainian investors, for which we are grateful to our partners," said Ukraine's First Deputy Prime Minister and Minister of Economy, Yulia Sviridenko.
DFC has allocated $250 million to support Ukrainian poultry farmers and grain producers in mitigating the effects of Russia's war against Ukraine.
DFC has also announced two separate deals totaling $60 million with Ukrainian banks to mobilize capital for the sustainable support of small and medium-sized businesses by facilitating their access to financing in Ukraine. USAID will support each of these transactions with technical assistance. Microenterprises, as well as small and medium-sized businesses, will have the opportunity to access financing from banks with eased requirements, as DFC guarantees will be used to supplement borrowers' collateral.
The fourth project involves $50 million in guarantees provided to the International Finance Corporation's (IFC) Global Trade Finance Program, expanding Ukrainian banks' access to international trade financing. This project supports critical import and export flows for Ukrainian companies.
DFC has also announced $25 million in political risk insurance for the Superhumans Center, a non-profit organization working in the field of prosthetics and the rehabilitation of individuals injured during the war in Ukraine.
The U.S. International Development Finance Corporation (DFC) partners with the private sector to finance solutions to the most critical challenges facing the developing world today. We invest across sectors including energy, healthcare, critical infrastructure, food security, and small business support. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.
