International Finance Corporation
The International Finance Corporation (IFC) is a member of the World Bank Group, established in 1956 and headquartered in Washington, D.C. It provides loans, equity investments, and advisory services to private-sector projects in developing countries to foster economic development and reduce poverty.
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U.S. DFC approves €85 million loan to DTEK for battery storage expansion in Ukraine
The U.S. International Development Finance Corporation (DFC) has approved an €85 million (approximately $97.5 million) loan to Ukrainian energy company DTEK to expand battery energy storage systems in Ukraine. The loan is part of a broader DFC investment package of more than $8 billion covering projects in Ukraine, Jordan, and several African countries, and is the largest DFC financing in Ukraine's energy sector since the start of Russia's full-scale invasion in 2022.