International Finance Corporation in Ukraine

Ukraine became a member of International Finance Corporation (IFC) in 1993. As of January 1, 2005, IFC has invested $153 million in 15 projects. The investment program in Ukraine is currently expanding, focusing on investment opportunities in finance, agribusiness, construction materials, retail trade and services, transport equipment, and infrastructure. In the financial sector our efforts are concentrated in leasing and housing finance.

In fiscal year 2004, IFC significantly expanded its investment program in Ukraine , investing $87 million in the agribusiness, financial and general manufacturing sectors. To support the agricultural sector, a key sector for Ukraine ’s economic development, IFC invested $30 million in Myronivsky Khleboproduct, a leading domestic poultry producer, and $10 million in Sandora, number one producer of juices and nectarines in Ukraine . These projects support expansion and modernization of local companies, strengthen their corporate governance and create a significant number of new jobs, especially for Ukrainian farmers. IFC also supported the construction of two new home improvement retail stores Nova Liniya, which will boost local production and will directly employ 300 employees. IFC's increased activity reflects the improving investment climate in Ukraine , greater opportunities in a broad range of sectors, and stronger foreign investor interest. More on investment projects in Ukraine.

IFC has been conducting an extensive advisory program in Ukraine since 1992. IFC has contributed to privatization of small businesses and unfinished construction sites and to land and mass privatization. Current donor-funded programs offer advice on corporate governance, leasing, development of the agribusiness sector, and seek to improve the business environment, and promote the growth of small and medium enterprises. More on advisory projects in Ukraine.

The Ukraine Corporate Development Project is undertaken with the financial support of the Government of Canada provided through the Canadian International Development Agency (CIDA) and the Government of Switzerland provided through the State Secretariat for Economic Affairs (seco)