The latest investment announcements and organisation news and updates
The latest investment announcements and organisation new and updates
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Development finance institutions are extending their preparations to support Ukraine’s reconstruction, with the European Bank for Reconstruction and Development (EBRD) and Development Finance Institutions (DFIs) from around the world signing a Memorandum of Understanding to provide a framework for collaboration when making co-investments in Ukraine, mainly in the private sector.
On April 28, 2023, SIFEM was represented by Alvaro Borghi, Chargé d’Affaires, Embassy of Switzerland in Ukraine, at the signing ceremony of the interim closing of Horizon Capital Growth Fund IV (HCGF) which has surpassed its USD 250m target. The achievement of this milestone was celebrated in the presence of the President of Ukraine, Volodymyr Zelenskyy. In his welcome speech, he stressed the importance of such capital flows for the local economy and workforce which are hit hard by the ongoing military conflict.
In 2022, the Swiss Investment Fund for Emerging Markets (SIFEM) committed a total of USD 95 million to seven new investments and concluded the year with an operating result of minus CHF 13.1 million. The seven new investments will contribute directly to the achievements of SIFEM’s development goals, especially in terms of job creation, climate change mitigation and adaptation, and exposure in the least developed countries (LDCs).