The Deputy Head of the President’s Office, Rostyslav Shurma, noted: “We understand that today there is practically zero investment interest in Ukraine. The main obstacles that are holding us back are uncertainty and military risks. The only solution is NATO, but it is not available. This means we must move to Plan B and propose something now, rather than hypothetically discuss when some post-war recovery will begin“.
Shurma said that he sees three possible solutions that can conceptually mitigate risks in this situation. The first is various types of sovereign guarantees for private investments, which Denmark and Germany are already beginning to provide.
The second is various mechanisms involving international financial institutions (IFI), such as the EBRD, IFC, or MIGA, for cases when a state is not ready to provide sovereign guarantees, and these IFIs can offer specific products.
A third option is to develop off-the-shelf commercial products that could provide insurance coverage at an affordable price.