IFC’s US$50 financial package to help Ukraine’s OTP Leasing scale up funding for sustainable energy investments

UKRAINE—IFC, a member of the World Bank Group, is providing a financing package of up to $50 million equivalent to OTP Leasing in Ukraine to scale up sustainable energy investments, particularly for small and medium enterprises (SMEs). IFC said in a statement that Ukraine is among the world’s most energy-intensive economies, partially attributed to its large industrial base with prevalently outdated and inefficient production technologies. “This first IFC green-leasing project in Ukraine aims to promote growth in the country’s leasing sector, especially among smaller agricultural players and entrepreneurs,” said Georgina…

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