WB opens financing for Ukraine for first time since beginning of hostilities

The International Finance Corporation (IFC), which is part of the World Bank structure, has allocated $30 million for investments in Ukraine and Moldova.

This will be the first IFC investment in Ukraine since the start of a full-scale war, Report informs citing RBC-Ukraine.

The funds will be channeled through a $200 million trust fund managed by the US-Ukrainian investment company Horizon Capital. It will invest in high-growth technologies as well as export-oriented companies operating primarily in Ukraine and Moldova.

The specifics of Horizon Capital’s work is such that the company usually invests about $10-30 million in companies worth about $50-150 million. The investment fund focuses on enterprises in the IT sector, e-commerce, innovative consumer products and the fintech sector.

It is expected that, along with IFC, other potential investors will join investments in Ukraine in the near future, including such banks and funds: the European Bank for Reconstruction and Development, the German Investment Corporation, the Swiss Investment Fund for Emerging Markets, the Netherlands Development Finance Company, The Rockefeller Foundation, etc.