The Ministry of the economy of Ukraine reported that investments in Ukraine continue to return. For the first time since the beginning of the war, the International Finance Corporation of the World Bank has provided funds for the development of Ukraine. The organization provided $30 million of the budget for investment in Ukraine and Moldova.
The funds will be channelled through a trust fund that is subordinate to the American-Ukrainian investment company Horizon Capital. It is reported that investments in Ukraine will be spent on developing information technologies, e-commerce, innovative consumer goods, and the fintech sector.
"This is a landmark event! Despite the war, the IFC has decided to allocate money for investment in Ukraine. This should be a positive signal to other potential investors: it is possible and necessary to start investing money now," said first deputy prime minister, minister of economy of Ukraine Yuliia Sviridenko.
The Ministry of the economy also reports that potential investors and funds can soon contribute to Ukraine's development. Among potential investors:
- European Bank for Reconstruction and Development;
- Swiss Investment Fund for Emerging Markets;
- German Investment and Development Corporation;
- Dutch Finance Company for Developing Countries;
- Western NIS Enterprise Fund and others.
In October, the IBRD allocated $500 million to Ukraine.