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Advantage Ukraine: First five projects were submitted for consideration to DFC

The investment team of the Advantage Ukraine platform, in partnership with Ukraine’s Ministry of Economy, has prepared and sent the first investment projects for review by the U.S. International Development Finance Corporation (DFC) for financing and insuring against war risks. This was announced by the Deputy Minister of Economy of Ukraine Oleksandr Gryban during a meeting with businesses organized by the American Chamber of Commerce in Ukraine.

 "At present, the first five projects have been submitted to DFC. These projects are from Ukrainian investors in the construction, manufacturing, e-commerce, and real estate sectors, with a total amount of $430 million. Each of these will be assessed individually. There is also a project submitted by a foreign investor for the production of construction materials for several million in lending. Separately, there are several earlier-stage projects in process that Advantage Ukraine hopes to submit to DFC soon, including projects in logistics, deep agricultural processing, energy, animal husbandry, and production of construction materials," he added.

 DFC recently announced its readiness to mobilize over $1 billion in private sector capital to support Ukraine’s economy.

 The Ministry of Economy of Ukraine and DFC are working together on the preparation and formation of a list of investment projects with the help of Advantage Ukraine. The initiative is supported by USAID’s Competitive Economy Program of Ukraine and will conduct a preliminary selection of projects in collaboration with applicants.

 As a response to the full-scale Russian war in Ukraine, USAID has provided $13 billion in direct budget support, helping the Government of Ukraine; $1.4 billion in humanitarian assistance to save lives and meet the urgent needs of the Ukrainian people; and over $800 million in development assistance.

 “In terms of laying the groundwork for Ukraine’s robust recovery from the war, one of the crucial matters for Ukraine is to attract much needed FDIs. USAID supports the Government of Ukraine throughout its efforts aimed at mobilizing the capital, both private sector capital and concessional capital that can be provided by international financial and development organizations,” said Natalia Petrova, project manager at USAID Office of Economic Growth, during the meeting. 

 DFC is the development finance institution of the United States, with the dual mission of advancing development outcomes and advancing the foreign policy interests of the United States through its support of private sector investment in countries around the world.

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