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In Ukraine and Moldova, energy security is an essential component of a stable and successful future. But this can only be achieved by accelerating the green transition and enhancing energy resilience. We are supporting this effort by providing long-term, local currency financing to two financial institutions. Leveraging our blended finance structure, we offer more attractive financing options – encouraging capital expenditure in energy security at a time of uncertainty. We provided EUR 20.1 million in financing to Bank Lviv. This capital will support Ukraine’s economic resilience as the war continues into its third year. The bank’s end-investees were agriculture and manufacturing SMEs undertaking energy efficiency and renewable energy projects. We strengthened Victoriabank’s capital base with a EUR 10 million subordinated loan. This allows the bank to expand access to green finance across Moldova. Symbolically, the Fund crossed the EUR 1 billion threshold with this investment.
In Ukraine’s Lviv region, Bohdan Denkovych has been managing his farm, Pchany Denkovych, since 2010. With 1,100 hectares of land and 1,000 cattle, the farm produces grain and dairy and is an important contributor to local food production. But, like many rural businesses, it grappled with severe challenges at the onset of the war, including limited access to raw materials, such as fertilizers, and restricted demand and sales. Support from our USF — through our partnership with Bank Lviv — enabled Bohdan to invest in vital agricultural equipment. He has already acquired a modern seeder and plans to invest in a new cultivator. He also used the money to diversify the farm’s sales in the local market. These investments increased productivity and sales. By empowering local agricultural entrepreneurs, we are contributing to the stabilization of the rural economy and rebuilding the country’s food security.
The funds, sub-funds and securities described herein (or in any other linked or related website) are not being offered for sale to the public in the United States of America or in any other jurisdiction in which a public offer would be prohibited by applicable law. To the extent funds, sub-funds and securities described herein (or in any other linked or related website) are being offered in these jurisdictions (some of the funds, sub-funds and securities may not be offered in certain jurisdictions), they will only be offered by private placement to a limited number of qualified institutional investors in accordance with the applicable laws and regulations in these jurisdictions. Offers will only be made pursuant to a private placement memorandum approved by the funds. Institutional investors in these jurisdictions that wish to learn more about the funds, sub-funds and securities should contact the persons listed below for further inquiry.
Special notice as regards the European Fund for Southeast Europe, the Green for Growth Fund and the Latin American Green Bond Fund: In respect of the United States of America, Canada, Japan or Australia or any other jurisdiction in which the distribution, offer, sale, transfer or resale would be prohibited by applicable law, no investment in notes/shares or other instruments of these funds (or their respective sub-fund(s)) can be offered or made.
All funds are managed or advised (as the case may be) by Finance in Motion Asset Management S.à r.l., a Luxembourg-based Alternative Investment Fund Manager directly supervised by the Luxembourg regulator, the Commission de Surveillance du Secteur Financier (CSSF).