ME
NU
October 05, 2020

Arzinger acted as a Ukrainian law counsel to the International Finance Corporation in connection with its first climate-smart leasing project in Ukraine.

Arzinger advised IFC in connection with provision of 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).

The long-term financing—currently not readily available in Ukraine, especially for SMEs—will enable businesses to acquire energy-efficient machinery and upgrade their facilities with modern equipment to support a lower carbon footprint. IFC’s first climate-dedicated investment in Ukraine’s leasing sector includes $20 million equivalent from IFC’s own account, $20 million from Climate Investment Funds, and a syndicated loan of up to $10 million equivalent.

Arzinger’s team working on the project was led by Oleksander Plotnikov, the Head of Banking and Finance Practice.  

"We are proud of being able to contribute to this remarkable project", Oleksander Plotnikov said.

 

About IFC
IFC—a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities where they are needed most. In fiscal year 2019, we delivered more than $19 billion in long-term financing for developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity.

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