DFC, USAID to help Ukraine attract investments for recovery

The U.S. International Development Finance Corporation (DFC) and the U.S. Agency for International Development (USAID) will help the Ukrainian government to attract public and private investments for the reconstruction of the country.

This is said in a statement published on the Economy Ministry’s website, Ukrinform reports.

"The memorandum with DFC and USAID provides for close cooperation with the team of the Ukrainian Economy Ministry. I can say with confidence that the signing of this document shows the support for our country by international partners and that they are confident in Ukraine’s victory. Our positions, which were reflected in the memorandum, will be a signal to other creditors and investors around the world that they can start getting involved in Ukraine’s recovery and the development of the economy," said First Deputy Prime Minister – Economy Minister of Ukraine Yulia Svyrydenko.

According to her, at the initiative of Advantage Ukraine, the Economy Ministry is already cooperating with DFC to prepare investment projects and is conducting preliminary selection of projects, cooperating with Ukrainian applicants. Projects worth hundreds of millions of dollars have already been directed to this organization under the instruments of direct lending and military risk insurance.

After receiving a positive decision from the DFC, Ukraine Invest will accompany the investors.

"American partners continue to show their support for Ukraine in the fight against the enemy and are always ready to help Ukrainian business. We are grateful to the U.S. government, DFC and USAID for their partnership and assistance in the process of the country's economic recovery," Svyrydenko summed up.

As reported, relevant memoranda of understanding were previously concluded with J.P. Morgan Securities plc and the International Finance Corporation (IFC).