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 launch four, Ukraine’s Economy Minister Yuliya Svyridenko said at the Regional Economic Forum in Kyiv.
MIGA will work with international investors DFC on the projects both inside and outside of Ukraine. MIGA insures investment risks such as political, currency inconvertibility, and expropriation, while DFC also provides trade finance services and loan portfolio guarantees. MIGA provided $143M in military risk insurance in the financial sector and $14M in the real economy.
Svyridenko added that the EBRD is also creating a €200M fund, with eight funds confirming their participation, which will insure goods in transit and storage for both foreign and Ukrainian investors against war risk and provide trade financing and guarantees.