The International Finance Corporation (IFC), the U.S. International Development Finance Corporation (DFC), and Raiffeisen Bank Ukraine have announced the establishment of two new risk-sharing facilities (RSFs) totaling approximately $210 million.
These facilities aim to provide financial support to small and medium enterprises (SMEs) and larger corporates, particularly in the agriculture and clean energy sectors.
This facility, with a commitment of up to $50 million from both IFC and Raiffeisen Bank Ukraine, will focus on supporting smaller businesses, especially those in agribusiness.
The second facility, totaling €150 million, includes contributions of up to €50 million from both IFC and DFC, targeting mid-sized companies. Around 30 percent of this funding is earmarked for financing renewable energy generation and energy efficiency projects.
These initiatives aim to address the pressing financing needs of businesses in Ukraine, which has been severely impacted by geopolitical tensions.
The collaboration between IFC and DFC in creating these RSFs represents a pioneering effort to promote financial stability and growth in the region.