IFC to invest USD 15mln into SME in Ukraine

IFC to invest USD 15mln into SME in Ukraine

The funds will be targeted at IT, clothing and footwear industries

International Finance Corporation (IFC) decided to invest USD 15mln in small and medium enterprises (SME) in Ukraine. The funds will be channeled into the growing and export oriented industries mainly. These are IT, agriculture and clothing manufacturing. The investments will contribute into the required capital growth for SME in Ukraine, which in turn will also create jobs and trigger innovations, told Jason Pellmar regional manager for Belarus and Ukraine at IFC.

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