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 businesses on cooperation with the DFC.
“We urge strategic investors to apply for insurance. The tool is already available, and the DFC plans to intensify its work in this direction“, noted Minister of Economy Yulia Svyridenko.
The DFC is currently interested in working with Ukraine’s energy sector. The DFC has already supported $400M in Ukrainian projects and promises to start financing several more.
“We hope that the corporation’s intention to mobilize $1B of investments in Ukraine will very soon lead to the implementation of new projects,” Svyridenko summarized.
Also, MIGA and the Ministry of Economy agreed to create a working group to speed up and optimize the investor insurance process. “We are working on the creation of the Military Risk Reinsurance Fund, which will help bring large, international private reinsurers and Ukrainian insurance market operators to the market”.