WASHINGTON The U.S. International Development Finance Corporation (DFC) has committed a $250 million loan to MHP SE to support the Ukrainian poultry and grain producers efforts to mitigate the effects of Russias war against Ukraine. The funds would be used to refinance maturing debt and support the continued maintenance and war-related expenditures of its poultry and grain production. The loan would also support the companys ability to increase food production and storage and support its export capacity, while mitigating the devastating effects of food insecurity exacerbated by the war. <\/p>\n
Improving food security is a priority for DFC, particularly as Russian aggression against Ukraine has endangered global agricultural supply chains and put millions at risk for malnutrition and hunger. As one of the top global exporters of wheat, corn, barley, and poultry, Ukraines ability to supply markets with critical staples is vital to the health and stability of many nations, said DFC CEO Scott Nathan. DFC is open for business in Ukraine and working with the private sector to advance ongoing efforts to operate in the face of Russias unjustified war. DFC continues to seek opportunities to invest in Ukraines private sector now and into the future. <\/p>\n
The loan to MHP SE would provide the company with funds to assist in the companys refinancing needs for existing debt as well as capital to support improvements to facilities, including increased storage capacity and installation of electrical backups. DFCs loan would also support the companys transportation operations, increasing the companys ability to transport goods via truck over land. These investments would support MHP SEs production and export capacity. <\/p>\n
As part of DFCs broader efforts to support the Ukrainian private sector, DFC is mobilizing financing to support Ukraines agricultural supply chain to ensure that the people of Ukraine can feed themselves and their families. DFCs investment will help build more resilient food systems to mitigate against future food shocks. <\/p>\n
DFC has committed $425 million in new transactions in Ukraine over the last year across a variety of sectors and all of its lines of business, including through equity investments, political risk insurance, debt financing, and technical assistance. <\/p>\n
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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. <\/p>\n
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DFC Commits $250 Million to Strengthen Food Security in Ukraine - DFC<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" WASHINGTON The U.S. Continue reading