Ukraine Venture Capital Fund II

completed

Summary Of Project Information (SPI)Project NameUkraine-Ukraine Fund RegionEuropeSectorProject No007098Projected Board DateJanuary 15, 1996Company NameUkraine FundTechnical Partner and/or Major Shareholders Claflin Management Partners, Bank of Boston, Emerging Markets Investors, EBRD, IFCProject Cost Including proposed IFC investment US$18 million, including proposed IFC investment of US$1.5 millionLocation of project and Description of site The Fund’s management company office is located in Kiev; however, portfolio companies are located throughout Ukraine.Description of Company and Purpose of Project The Ukraine Fund is an equity capital fund which invests in small, privately-owned Ukrainian companies. IFC committed US$2 million to the Fund in December 1993; the current project represents an increase in capital in order to continue the Fund’s investment program. To date, the Fund has made investments totalling US$5.3 million in 18 private companies throughout Ukraine.Environmental Category and Issues IFC’s Environment Division has classified the project as Category FI. IFC has ascertained that the Fund has an Environmental Risk Management System in place and has the capacity to assess the potential environmental risks of its investee companies.Date SPI sent to PIC December 13, 1995For Additional Information contact: Corporate Relations Unit -telephone: (202) 473-7711facsimile: (202) 676-0365