IFC investments in Ukraine will soon reach $500M since the war began.

The International Finance Corporation (IFC) from the World Bank Group (WB) has invested $208M in Ukraine since the beginning of the full-scale Russian invasion. The total investment may increase to $500M in the next few months, said IFC VP Alfonso Garcia Mora.

He specified that projects totaling about $400M are currently under development, and the final amount will depend on donor support.

The official recalled that in mid-December last year, the IFC launched the Response Package project, which will allow the corporation to invest $2B over the next 18 months: $1B from the IFC’s funds, and $1B in the form of guarantees and preferential financing from international donors.

In addition, the IFC is currently exploring potential investments in the agribusiness sector. Unlike the URTF Trust Fund, established by the WB to support the public sector, the IFC mobilizes financial support from donors to channel it into the private sector.