IFC investments in Ukraine may reach $500M

The International Finance Corporation (IFC) has invested $208 million in Ukraine since the beginning of the war. In the next few months, the amount of investment may increase to $500 million, IFC Vice President for Europe, Latin America and the Caribbean Alfonso Garcia Mora said, Report informs via Interfax-Ukraine.

Mora specified that projects totaling about $400 million are currently under development, and the final amount will largely depend on donor support.

The Vice President recalled that in mid-December 2022, IFC launched the Response Package project, which will allow the corporation to invest $2 billion over the next 18 months: $1 billion from IFC's own account, as well as $1 billion in the form of guarantees and concessional funding from international donors.