KYIV, May 4 – The International Finance Corporation (IFC), the World Bank’s private financing arm, could lend senior loans to Galnaftogaz Koncern to finance the company's capex program in 2020-2022 and replenish working capital.

According to materials of the IFC on its website, the decision is pending the approval by the board on May 28, 2020.

The funds will help Galnaftogaz grow its Farmer-Supply Program (FSP) to supply up to 200 farmers with fuel and fertilizers, improve logistic infrastructure and modernizing seven storage depots and around 100 filling stations, including electric car charging services.