USAID & DFC to push Investment in Ukraine

The US International Development Finance Corporation (DFC) and the US Agency for International Development (USAID) have signed a Memorandum of Understanding with the Ukrainian government, aimed at attracting investment to support the country’s economic recovery. Under the agreement, the Ministry of Economy of Ukraine will work with USAID to identify and develop private sector projects for consideration by DFC, and DFC will engage with the Ministry of Economy to ensure its investment requirements are understood.

Ukrainian Prime Minister Denys Shmyhal said that foreign investment was crucial to Ukraine’s sustainable growth and recovery, and thanked DFC for its partnership and support in helping attract investments. He noted that war risk insurance was a key tool to attract investments, and that waiting for the end of the war was not necessary. USAID Administrator Samantha Power praised the agreement, saying it demonstrated a commitment to supporting Ukraine’s economy and people, and to building a stronger and more prosperous future for the country.

DFC CEO Scott Nathan highlighted the organisation’s longstanding commitment to supporting Ukraine’s private sector, noting that it had been present before the war and would continue to be there for the long term. Nathan said that the MOU demonstrated how DFC was increasing its financial support for Ukraine’s businesses and people in partnership with USAID. The MOU was signed at the US-Ukraine Partnership Forum hosted by the US Chamber of Commerce, as part of the Spring Meetings of the World Bank Group and International Monetary Fund.