The Polish export credit agency, for the first time, has insured an investment in Ukraine. KUKE, Poland’s export credit agency, insured a Polish company’s production complex in Ukraine for more than $45 million. This is the first cooperation between KUKE and the World Bank Group... #InvestmentsinUkraine #KUKE #MIGA #URC2024 #WarRiskInsurance
An Italian shipbuilder is preparing to reconstruct the Odesa port facilities. Fincantieri, Europe’s largest shipbuilder based in Trieste, Italy, is working to transform Ukraine’s defunct state-owned shipyards in the port of Odesa into a state-of-the-art production c... #Fincantieri #ifc #investments #MIGA #OdesaSeaport #ShipBuilding
14 export credit agencies provide guarantees to businesses for investment in Ukraine, said Prime Minister Denys Shmyhal. Ukraine, together with MIGA (The Multilateral Investment Guarantee Agency) and the DFC (The US International Development Finance Corporation), are implementing an in... #BlackSeaCorridor #DenysShmyhal #DFC #InsuranceUkraine #MIGA #UkrainianShipInsurance
Ukraine has developed mechanisms to insure investments against war risks. The Ministry of Economy of Ukraine has worked in three key directions: access to financing of investment projects, insurance of military and political risks, mechanisms of support, and state stimulati... #InsuranceUkraine #InvestmentsinUkraine #MIGA #MilitaryRiskInsurance #YuliyaSvyridenko
Here is the financial assistance Ukraine received last week from its allies: The UK will contribute £20M to the Trust Fund for the Support of the Reconstruction and Economy of Ukraine (SURE), launched by MIGA. This contribution will reduce project risks and attract much-needed... #financialaidforUkraine #GrainfromUkraine #KfW #MIGA #SURE #worldbank
The DFC and MIGA accelerate investment insurance in Ukraine. The American Development Finance Corporation (DFC) will send a special representative to Ukraine to hasten the acquisition of insurance by investors. He will advise both Ukrainian and international bu... #DFC #InsuranceUkraine #InvestmentsinUkraine #MIGA #MilitaryRiskInsurance #YuliyaSvyridenko
The UK will help the EBRD with war risk insurance for projects in Ukraine. The UK will participate in developing and implementing a pilot project by the EBRD to provide insurance against war risks in Ukraine. The EBRD project envisages creating a new fund to promote the deve... #ebrd #InsuranceUkraine #MIGA #MilitaryRiskInsurance
MIGA and the DFC are finalizing six Ukrainian projects with war risk insurance. One of the projects is the Dragon Capital Industrial Park, which recently received $9.2M in military risk coverage from MIGA, said Economy Minister Yuliya Svyridenko. MIGA is working on two more proje... #DFC #InsuranceUkraine #MIGA #MilitaryRiskInsurance #UkraineEconomy #YuliyaSvyridenko
The availability of war risk insurance changes the investment environment in Ukraine and attracts private investors. According to Minister of Economy Yulia Svyridenko, the M10 industrial park, with 140,000 square meters of space, is currently being built in Lviv. The new industrial park has six production and storag... #DFC #InsuranceUkraine #KUKE #MIGA #MilitaryRiskInsurance #YuliyaSvyridenko
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 ... #MIGA #MilitaryRiskInsurance #SerhiyMarchenko #SURE
MIGA has insured the first investment project in Ukraine against war risk. The insured project is the M10 Industrial Park in Lviv, which received a guarantee from the World Bank’s Multilateral Investment Guarantee Agency. MIGA provides guarantees of up to $9.2M to a Cy... #IndustrialPark #InvestmentsinUkraine #LvivIndustrialpark #MIGA #MilitaryRiskInsurance #YuliyaSvyridenko
Insurance projects from a US corporation, DFC, will improve Ukraine’s investment climate. War and political risk insurance is essential for creating an appropriate investment climate for attracting private capital and supporting long-term projects for the reconstruction of Ukraine. Thus, i... #DFC #InsuranceUkraine #InvestmentClimateProjects #InvestmentsinUkraine #KUKE #MIGA #MilitaryRiskInsurance
Ukraine’s government expects seven military risk insurance projects from MIGA and DFC by the end of 2023. The Multilateral Investment Guarantee Agency (MIGA) can implement three military risk insurance projects in Ukraine by the end of the year, and the US International Finance Corporation (DFC) can launc... #DFC #InsuranceUkraine #MIGA #MilitaryRiskInsurance #YuliyaSvyridenko
MIGA has started ensuring war risks in Ukraine. The Multilateral Investment Guarantee Agency (MIGA) of the World Bank, in cooperation with the Trust Fund for the Support of Ukraine Reconstruction and Economy (SURE), increased war risk insurance gua... #InsuranceUkraine #MIGA #MilitaryInsurance #MilitaryRiskInsurance #ProCreditBank #SURE
MIGA offers Dragon Capital a $10M guarantee for investments in the Lviv Industrial Park. UCPIH Ltd, part of the Dragon Capital group of companies, received an offer for a guarantee of $10M for ten years from the World Bank’s Investment Guarantee Agency (MIGA) for investments in Lviv... #DragonCapital #EBRDinvestments #InvestmentsinUkraine #LvivIndustrialpark #MIGA
Ukraine will launch a private insurance market for military risks. The war risk insurance mechanism is available today from several international financial institutions, including MIGA of the World Bank Group and the American Development Finance Corporation (DFC), wh... #DFC #MIGA #MilitaryRiskInsurance
MIGA will provide three Ukrainian state banks with up to $10M in guarantees for EBRD trade financing. The Multilateral Investment Guarantee Agency (MIGA), as part of a joint project with the European Bank for Reconstruction and Development (EBRD), will provide state-owned Ukrgasbank, Ukreximbank, and ... #MIGA #OschadbankUkraine #Ukreximbank #Ukrgasbank
MIGA has launched a trust fund to support Ukraine’s reconstruction and economy – the first $23M has been provided by Japan. The fund, SURE, is a new initiative to solve humanitarian problems and support economic activity and recovery in Ukraine. MIGA expects the fund to grow to $300M with contributions from additional dono... #InvestmentsinUkraine #MIGA #SURE #UkraineRecovery
The EBRD and MIGA join forces in covering trade finance risk in Ukraine. The European Bank for Reconstruction and Development (EBRD) and the Multilateral Investment Guarantee Agency (MIGA) have signed a landmark first co-financing agreement, under which MIGA will issue up ... #ebrd #HiroshiMatano #MIGA #OdileRenaudBasso
MIGA has identified the first projects for military risk insurance in Ukraine. The pilot risk insurance project in Ukraine by the World Bank institution MIGA has three instances. MIGA has already made an insurance rate offer to the companies involved. Next year, the Ministry of ... #MIGA #MilitaryRiskInsurance #YuliyaSvyridenko
Several mechanisms for attracting investors will be launched in Ukraine. As the Deputy Minister of Economy Oleksandr Hryban clarified, one of them will be implemented in cooperation with the Multilateral Investment Guarantee Agency (MIGA), which has already allocated $30M ... #InvestmentsinUkraine #MIGA #OleksandrHryban
