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DFC to issue $40 million loan portfolio guarantee to Ukraine's Bank Lviv to support local businesses

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The US International Development Finance Corporation (DFC) has agreed to issue a $40 million loan portfolio guarantee to Ukraine's Bank Lviv to support lending to local businesses, the Ukrainian bank said in a press release on Tuesday.

The funding, provided by the United States Agency for International Development (USAID) will enable Bank Lviv to offer Ukrainian businesses access to financing under favorable terms and minimal collateral requirements, as per the statement.

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