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Business met with DFC to discuss financial incentives in Subsoil Use

21/ 11/ 2024
  On November 19, the Subsoil Use Committee of the ЕВА held a meeting with Anthony Pollack, a representative of the U.S. International Development Finance Corporation (DFC). During the meeting, the business community learned more about potential cooperation opportunities with DFC. Priority economic sectors supported by DFC include: Critical raw materials and infrastructure Energy Healthcare Agriculture Small businesses and financial services For Ukraine, DFC has developed additional political risk insurance options, such as full asset destruction, inability to physically access an asset, nationalization, and more. Subsoil users may benefit from the possibility of receiving technical assistance to enhance a project’s developmental impact or commercial sustainability. This option is available through a 50/50 co-funding model with the investor, for instance, for conducting Environmental Impact Assessments (EIAs). Such support will continue until the project meets all the criteria required for other forms of capital engagement. To secure funding, subsoil use projects must comply with social and environmental standards, among other criteria. DFC also supports projects focused on extracting critical raw materials that are strategically significant for technological supply chains. The full list of these materials is available here. The ЕВАs Executive Office representatives agreed to organize a general meeting with Mr. Pollack soon, considering the areas of financing and guarantees offered.

On November 19, the Subsoil Use Committee of the ЕВА held a meeting with Anthony Pollack, a representative of the U.S. International Development Finance Corporation (DFC). During the meeting, the business community learned more about potential cooperation opportunities with DFC.

Priority economic sectors supported by DFC include:

  • Critical raw materials and infrastructure
  • Energy
  • Healthcare
  • Agriculture
  • Small businesses and financial services

For Ukraine, DFC has developed additional political risk insurance options, such as full asset destruction, inability to physically access an asset, nationalization, and more.

Subsoil users may benefit from the possibility of receiving technical assistance to enhance a project’s developmental impact or commercial sustainability. This option is available through a 50/50 co-funding model with the investor, for instance, for conducting Environmental Impact Assessments (EIAs). Such support will continue until the project meets all the criteria required for other forms of capital engagement.

To secure funding, subsoil use projects must comply with social and environmental standards, among other criteria. DFC also supports projects focused on extracting critical raw materials that are strategically significant for technological supply chains. The full list of these materials is available here.

The ЕВА’s Executive Office representatives agreed to organize a general meeting with Mr. Pollack soon, considering the areas of financing and guarantees offered.

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