The IFC will join the EBRD and EIB in establishing a €350M infrastructure fund for Ukraine with a €40M contribution.

The International Finance Corporation (IFC) of the World Bank Group plans to invest up to €40M in the new Amber Dragon Ukraine Infrastructure Fund I, which has a targeted size of €350M. The European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) have already announced plans to invest €60M and €40M, respectively.

According to the IFC website, its board of directors is scheduled to review the project on September 30. The new fund will focus on rebuilding and modernizing Ukraine’s critical infrastructure and will invest in energy transition, digital infrastructure, and transportation and logistics. The IFC’s investment is expected to be supported by blended finance participants under the ERA Program for Ukraine: With the participation of France and other guarantors, a first loss guarantee of up to €20M will be provided.

The fund’s first project was announced at URC2025 – the Power One distributed energy project, for which the EBRD plans to contribute €21.1M.