The IFC has invested $400M in Ukraine’s economy since the beginning of the war and is considering investments in the energy sector.

The International Finance Corporation (IFC) has invested $400M into the Ukrainian private sector since the start of the full-scale war, said Olena Voloshina, head of the IFC in Ukraine.

According to her, the IFC did not invest in energy because of market opacity, monopolization, constant changes in rules and policies, tariff policies, etc. The IFC is considering investment options in renewable energy, extraction, and storage. In December, the IFC Board of Directors approved $2B, half financed by the financial corporation, and the rest negotiated with donors.

“We are supported by the British government precisely in financing energy projects,” explained Voloshina.

Among other things, the IFC has assumed the function of a strategic advisor to the Ukrainian government on the issue of private sector involvement. According to IFC analysis, the company can finance 20% of Ukraine’s recovery needs, which total $400B.