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OPIC Commits Financing to Two Projects in Ukraine

Wednesday, August 30, 2017

(OPIC)  Projects aim to expand lending to small businesses in agriculture and other underserved sectors

WASHINGTON – The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has committed financing support to two projects in Ukraine that will promote lending to small and medium businesses that are critical to economic stability and growth.

OPIC’s commitment to supporting private sector development in Ukraine has resulted in quadrupling OPIC’s investment portfolio there since 2014, across sectors ranging from financial services to agriculture and energy.

This week, OPIC President and Chief Executive Officer Ray W. Washburne is visiting Ukraine, his first official visit with OPIC, as part of an official delegation led by U.S. Deputy Secretary of Energy Dan Brouillette. Ukraine is a foreign policy priority for the U.S. and OPIC continues to work on projects that will support further private sector-led development in the country.

“OPIC plays an important role promoting stability in Ukraine through projects that directly impact the country’s small and medium sized businesses,” said Mr. Washburne. “Limited access to financing is one of the main challenges these businesses face and OPIC financing will help local banks expand lending to the small businesses that create jobs and contribute to economic growth.”

OPIC’s current investment portfolio in Ukraine totals $522 million across 18 projects.