KIEV, Sept. 1 - The International Finance Corporation (IFC) will provide Sofia Kiev with a credit worth $29.5 million, the IFC reported on Monday. The IFC said the credit assets, including a syndicated loan worth $13 million, are being allocated to complete the construction of a hotel in Kyiv's downtown.

According to the corporation, the Industrial Union of Donbas, a steel producer and trader, is an investor in the project. Hyatt International will run the hotel under the Hyatt Regency brand.