DFC and MIGA accelerate investment insurance in Ukraine

The U.S. International Development Finance Corporation (DFC) will deploy a special representative to Ukraine to expedite insurance acquisition by investors. This representative will advise both Ukrainian and international businesses on collaboration with DFC.

"We urge strategic investors to apply for insurance. The tool is already available, and DFC plans to intensify its efforts in this direction," noted Minister of Economy Yulia Svyrydenko.

Currently, DFC is interested in the energy sector. DFC has already supported a series of projects in Ukraine with $400 million and promises to initiate funding for several more.

"We hope that the corporation's intention to mobilize $1 billion in investments in Ukraine will soon lead to the implementation of new projects," summarized Svyrydenko.

With the Multilateral Investment Guarantee Agency (MIGA), the Ministry of Economy has agreed to establish a working group to expedite and optimize the process of investor insurance. "We are working on creating a Military Risk Reinsurance Fund, which will help bring to the market major private reinsurers, international, and Ukrainian insurance market operators. This will be an expansion of the tools provided by DFC, MIGA, and national export credit agencies," added Svyrydenko.