13 Dec 2022 12:59

Ukraine and IFC sign memorandum to boost private sector investment in recovery efforts

MOSCOW. Dec 13 (Interfax) - The International Financial Corporation (IFC) will help rebuild Ukraine's infrastructure by creating conditions to boost private sector investment in reconstruction under a memorandum of understanding signed in Paris on Monday by Ukrainian Prime Minister Denis Shmygal and IFC Vice President for Europe, Latin America and the Caribbean Alfonso Garcia Mora.

"Recovery costs are estimated at billions of dollars. With IFC, we are working to create conditions to boost private investments in our economy, especially through public-private partnerships," Shmygal was quoted as saying by his press service, according to Ukrainian media.

Specifically, such public-private partnership projects are expected to be implemented in sectors such as transport and logistics, urban and social infrastructure, and energy, the report said.

Mora, in turn, said that as one of Ukraine's largest private sector investors, IFC is committed to help leverage private capital needed to rebuild Ukraine.