ANNOUNCEMENT 22 Sep 2020

On 22 September 2020, the US government approved funding to support an export operation carried out by Eru Corporation.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

USAspending.gov. Award page. Foreign Investment Financing. Eru Corporation.
https://www.usaspending.gov/award/ASST_NON_9000104425_7700

U.S. International Development Finance Corporation, "Our Products", (retrieved on 15/07/2021). Available at: https://www.dfc.gov/what-we-offer/our-products

Inception date: 22 Sep 2020 | Removal date: open ended

Trade finance

On 22 September 2020, the U.S. International Development Finance Corporation approved funding to support an export operation carried out by Eru Corporation. The total amount granted was USD 62 million. The operation was located in Ukraine. The support was granted through the Foreign Investment Financing programme.

The Foreign Investment Financing program provides financing for projects in developing countries to increase US exports, to advance American foreign policy goals, and to promote the US commercial competitiveness around the world. Under the program, projects must have significant participation by a sponsor from the United States. The program is run by the U.S. Overseas Private Investment Corporation (OPIC). In 2020, OPIC transformed into the U.S. International Development Finance Corporation (DFC).

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A