At Ukraine Recovery Conference, DFC CEO Scott Nathan Spotlights Commitment to Country, Announces more than $70 Million in New Support and Launching of New Efforts

Media Release

 

LONDON – While at the Ukraine Recovery Conference in the United Kingdom, the U.S. International Development Finance Corporation (DFC) Chief Executive Officer Scott Nathan announced more than $70 million in new projects in Ukraine. CEO Nathan met with government, development finance institution (DFI), and private sector leaders and announced efforts that will deepen multilateral partner coordination to support Ukraine today and into recovery and reconstruction.

"DFC is committed to using all of our tools and partnerships to mobilize more private capital for Ukraine today,” said DFC CEO Scott Nathan. “A thriving private sector is crucial for Ukraine’s recovery but, as important, investment is critical now while Ukraine fights. I am proud of the efforts DFC is making to support a growing list of projects and clients and, as a result, Ukraine’s economy and people.”

At the conference, DFC announced its intent to make a $50 million guaranty to International Finance Corporation’s (IFC) Global Trade Financing Program (GTFP) alongside British Investment International (BII) and Multilateral Investment Guarantee Agency (MIGA). The GTFP will facilitate import of critical supplies to Ukraine. In addition, in collaboration with USAID, DFC is in the process of approving a new $20 million loan portfolio guaranty facility to Bank Lviv to expand its lending to small businesses across western Ukraine. Economic recovery depends on trade flows and thriving small business.

As part of a panel discussion about mobilizing private finance with the Government of Ukraine’s First Deputy Prime Minister Yulia Svyrydenko, amongst others, CEO Nathan reflected on the work DFC has done to date in Ukraine. He shared his insights about the investment opportunities across critical sectors and underscored DFC’s enduring commitment to use all its tools to attract private capital to the country.

While at the conference, CEO Nathan joined fellow DFI leaders in signing a Memorandum of Understanding formalizing the Ukraine Investment Platform. The platform will foster alignment and collaboration among DFIs to support economic development and recovery efforts in the country. As part of an effort to increase use of DFC’s political risk insurance offering, CEO Nathan also met with MIGA Executive Vice President Hiroshi Matano. The two discussed the goal of increased collaboration on political risk insurance, including war risk insurance, to support private investment in Ukraine.

CEO Nathan concluded his participation in the conference with a meeting with DPM Oleksandr Kubrakov during which they discussed ways to increase investment flows to support Ukraine’s economy and robust recovery.

DFC and its predecessor agencies have a long history of working in Ukraine, with its first investment in the country in 1993, shortly after its independence. DFC currently has over $800 million in active exposure across over a dozen projects, and more than $500 million of that is in political risk insurance. Today, DFC continues working to support Ukraine’s economy in collaboration with allies and private sector partners, including through investments in small business support, agriculture, health, energy, and infrastructure.

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The U.S. International Development Finance Corporation (DFC) partners with the private sector to finance solutions to the most critical challenges facing the developing world today. We invest across sectors including energy, healthcare, critical infrastructure, and technology. DFC also provides financing for small businesses and women entrepreneurs in order to create jobs in emerging markets. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.