WASHINGTON, D.C. – The U.S. International Development Finance Corporation’s (DFC) Chief Executive Officer (CEO) Scott Nathan traveled to Berlin, Germany, from June 10-12 to attend the Ukraine Recovery Conference, where he met with other senior leaders in government, the private sector, and development finance institutions that are supporting Ukraine’s urgent economic needs and long-term economic recovery.
On the sidelines of the conference, CEO Nathan signed a declaration of intent with the European Bank for Reconstruction and Development (EBRD) to support its trade finance program in Ukraine. This initiative will open new avenues for exploring opportunities to share trade finance risk and facilitate imports of critical supplies to Ukraine. CEO Nathan also signed a memorandum of understanding with Citi and the Ukrainian Ministry of Economy to expand cooperation in identifying opportunities to support mortgage financing in Ukraine—a critical step for reconstruction and ensuring housing for dislocated families.
While in Berlin, CEO Nathan announced more than $350 million in political risk insurance transactions to help drive private dollars into the Ukrainian economy. He also participated in a series of high-level bilateral meetings with EBRD President Odile Renaud-Basso as well as Ukraine’s Minister of Energy Herman Halushchenko and Finance Minister Sergii Marchenko.
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The U.S. International Development Finance Corporation (DFC) partners with the private sector to finance solutions to the most critical challenges facing the developing world today. We invest across sectors including energy, healthcare, infrastructure, agriculture, and small business and financial services. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.