MIGA has provided Ukraine with almost $200M in guarantees.
Since the beginning of the Russian invasion, MIGA has provided Ukraine with guarantees totaling $196M, noted Minister of Finance Serhiy Marchenko. Also, MIGA contributed to creating the SURE war risk insurance trust fund in Ukraine, with Japan and Great Britain as donors, with contributions of $23M and $25M, respectively.
The Minister of Finance also noted the agency’s role in supporting Ukrainian banks. In 2023, MIGA provided $20M in guarantees for the IFC’s Global Trade Financing Program and $10M for the EBRD’s Trade Financing Program, which will contribute to the support of trade operations with the participation of Ukrainian banks Ukreximbank, Ukrgasbank, and Oschadbank.
Also, in 2023 MIGA has provided additional guarantees for:
- ProCredit Holding – €47.5M
- completion of the first stage of construction of the Lviv Industrial Park – €9.2M
- CANPACK S.A. company – $13.96M