Ukraine asks the OECD to lower its country risk classification group to halve the cost of investment insurance.

The Ministry of Economy, with the participation of Advantage Ukraine, is conducting active negotiations with export credit agencies (ECAs) in partner countries, emphasizing the importance of applying 100% coverage for insurance risks, said Deputy Minister Volodymyr Kuzyo.

“We call on the ECA to expand support for projects in Ukraine. In addition, providing investment insurance to Ukrainian companies when establishing joint ventures with foreign partners can provide significant advantages for business activity in Ukraine. We are currently working on collecting possible investment projects in key sectors of the economy. Some of them are already being considered by the ESA, international organizations, and development finance institutes (DFIs and IFIs)“, Kuzyo noted.

In addition, Ukraine asked the OECD to revise its country risk classification group from the seventh group to the sixth. This could halve the premium rate for insurance of investment risks, significantly reducing the cost of equipment and facilities needed by Ukrainian companies to participate in reconstruction.