Did you know: Since 2014, OPIC has quadrupled its portfolio in Ukraine
The Astarta-Kyiv sugar plant is one of multiple projects OPIC supports in Ukraine, where OPIC has quadrupled its portfolio since 2014. OPIC provided financing to the plant through a Citi framework, enabling the plant to modernize and increase output. Recently the project repaid its OPIC financing in full.
This week, OPIC President and CEO Ray W. Washburne underscored OPIC’s commitment to the region when he joined an official delegation led by U.S. Deputy Secretary of Energy Dan Brouillette to Kazakhstan and Ukraine. OPIC announced it has committed financing support to two new projects in Ukraine that will promote lending to small and medium businesses that are critical to economic stability and growth. OPIC continues to work to identify new projects that will support private sector-led development in the country.
“This is not an aid program,” Washburne told the Kyiv Post during his visit. “These are legitimate businesses and we get paid back.”
Since 1993, OPIC has committed $877 million to development in Ukraine and its current portfolio in the country totals more than $500 million across 18 projects in sectors from financial services to agriculture and energy.