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Main Business — The World Bank has allocated Ukraine the first funds for investments since the beginning of the war

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The World Bank has allocated Ukraine the first funds for investments since the beginning of the war

22 Sep, 2022
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The World Bank has allocated Ukraine the first funds for investments since the beginning of the war

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These funds for a total of USD 200 million will go through a trust fund managed by Horizon Capital, an American-Ukrainian investment company. It will invest in fast-growing technologies as well as export-oriented companies operating mainly in Ukraine and Moldova. This will be the first IFC investment in Ukraine since the full-scale war that began in February 2022.

The specificity of Horizon Capital’s work is that the company usually invests approximately USD 10-30 million in companies with a value of approximately USD 50-150 million. The investment fund focuses on companies in the information technology (IT), e-commerce, innovative consumer goods and fintech sectors.

It is expected that, together with IFC, other potential investors will soon join the investment in Ukraine, including the following banks and funds: European Bank for Reconstruction and Development (EBRD), German Investment and Development Corporation (DEG), Swiss Investment Fund for Emerging Markets (SIFEM), Netherlands Development Finance Company (FMO), Western NIS Enterprise Fund, Rockefeller Foundation and other.

“I would like to congratulate the management of Horizon Capital, represented by Olena Kosharna, CEO. This is a significant event – despite the war, IFC decides to allocate funds for investment in Ukraine. This should be a positive signal for other potential investors: it is possible and necessary to start investing money in the Ukrainian economy right now,” stressed Yuliia Svyrydenko, First Deputy Prime Minister – Minister of Economy of Ukraine.


The Odessa Journal

The Odessa Journal

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