The Export Credit Agency will soon approve an investment credit insurance product, said Ruslan Hashev, head of the ECA board, at the My Export conference.
Among the factors that determine the cost of this insurance, he named the regional location (proximity to the front line) and the field of activity. For example, a farm will be able to obtain investment credit insurance for a lower cost than an energy-related enterprise, whose higher cost reflects the greater probability of damage resulting from a Russian attack.
“The minimum cost of investment loan insurance will be about 1% per year, the minimum cost of insurance for direct investment is approximately 1.1-2%,” said Hashev.
The ECA also plans to approve the agency’s strategy for the next five years by November, which is one of its obligations to the IMF.
“And, accordingly, to reach the ₴8B volume of supported exports this year, but according to the trend, we can support ₴10B,” Hashev added.