Ukrainian businesses can attract loans from US federal government agency
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According to Ukraine’s government portal, the US Development Finance Corporation (DFC), the United States federal government agency, is ready to lend Ukrainian businesses within the limits of individual projects of 1 million to 1 billion dollars each.
“Currently, the DFC agency is ready to credit projects in Ukraine of 1 million to 1 billion dollars”, – noted Deputy Minister of Economy of Ukraine Oleksandr Hryban.He added that this organization usually supports only American investors who make investments in different countries. But in the case of Ukraine, they made an exception and are ready to issue loans, even if an American investor is not represented in the Ukrainian business.
Hryban said that DFC plans to support Ukraine with several financial instruments. In addition to direct lending, they are ready to provide credit risk coverage.
“In such a scenario, the creditor for the Ukrainian borrower is a private bank, but the borrower buys credit risk insurance from DFC,” he said. In this way, the terms of the loan become more favorable as the borrower will be able to receive a lower interest rate, a more extended period of attracting money, etc., the government official explained.
According to the statement, DFС is also ready to ensure political risks, within which they have an instrument to cover military risks.
He added that this organization usually supports only American investors who make investments in different countries. But in the case of Ukraine, they made an exception and are ready to issue loans, even if an American investor is not represented in the Ukrainian business.
According to Hryban, DFC plans to support Ukraine with several financial instruments. In addition to direct lending, they are ready to provide credit risk coverage.
“In such a scenario, the creditor for the Ukrainian borrower is a private bank, but the borrower buys credit risk insurance from DFC,” he said. In this way, the terms of the loan become more favorable as the borrower will be able to receive a lower interest rate, a more extended period of attracting money, etc., the government official explained.
According to the statement, DFС is also ready to ensure political risks, within which they have an instrument to cover military risks.
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