09:47 18.05.2016

IFC, Ukrgasbank agree on joint 'green' financing project

IFC, Ukrgasbank agree on joint 'green' financing project

The International Finance Corporation (IFC) and state-controlled Ukrgasbank have agreed on a joint project in the field of "green" financing, providing easier access to funding for companies that intend to implement renewable and energy efficient technologies.

The relevant agreement was signed by the chief global coordinator of the program of cooperation with financial institutions on sustainable financing and Ukrgasbank Board Chairman Kyrylo Shevchenko.

Head of the IFC regional office in Ukraine and Belarus Rufat Alimardanov noted the IFC in 2015 invested more than $2.2 billion in "green" projects around the world.

"Today we are signing an agreement on cooperation with state-run Ukrgasbank. This is an important step for us. Jointly with the bank team and the government of Ukraine we will more actively work to expand access to finance for those companies that want to develop "green" economy," he said.

Shevchenko, in turn, said that starting this program in the banking sector of Ukraine, Ukrgasbank opens a new page in its development and intends to become bank number one in environmental financing in the country.

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