Reuters: World Bank financing arm plans to invest $1.9 billion in Ukraine [Yahoo! Finance]
DRAGON CAPITAL GROUP CORP (DRGV)
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Source: Yahoo! Finance
According to its website, the International Finance Corporation (IFC) is the "largest global development institution focused exclusively on the private sector in developing countries." Since the launch of Russia's full-scale invasion, it has already invested $1.1 billion in Ukraine. The new funding will go into projects such as river transport on the Danube or energy generation from solar and wind. "It will allow us to start looking at investments that are longer-term in nature and more focussed on capital expenditure, so higher-risk - because these are assets that might actually, unfortunately, be damaged as conflict continues," Lisa Kaestner, the IFC's regional manager for Ukraine, told Reuters The investment will be a welcome boost. Despite its economy steadily improving from the first months of the full-scale invasion, very little foreign capital is currently trickling down to Ukraine's private and public sectors. Money from international financial institutions has help
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