Ukraine cooperates with key global institutions that can provide guarantees for investors to invest in Ukraine now. This was noted by Prime Minister Denys Shmyhal during the Government meeting on November 14.
"The Multilateral Investment Guarantee Agency (MIGA) has already provided over $166 million in insurance coverage since the start of the full-scale war. This is assistance to both the financial and real sectors of the economy. Negotiations on the launch of new projects are ongoing. The American International Development Finance Corporation (DFC) recently approved five new projects worth $380 million. In the field of food security, small business, medicine and international trade," the Prime Minister noted.
As Denys Shmyhal reported, negotiations with the EBRD on the insurance of trade operations are ongoing, with the prospect of scaling up cooperation on investment insurance.
In addition, export credit agencies of partner countries are ready to cover investment risks for their business. Such opportunities exist, in particular, in Japan, Germany, France, Denmark, Italy, Sweden, Great Britain and Poland.
Another strategically important direction, according to the Prime Minister, is free navigation in the Black Sea. He thanked the Ukrainian defense forces, who are keeping this corridor open.
"According to the results of the agreements between the President of Ukraine Volodymyr Zelenskyi and the Prime Minister of Great Britain Risha Sunak, Ukraine together with a pool of British insurance companies formed a special mechanism. It will allow a discount on the cost of insurance against war risks for exporters of all products from Ukraine. This will make the Black Sea Corridor more accessible to a wider range of exporters," said Denys Shmyhal.
The Prime Minister emphasized that the Government has allocated funds that will be a guarantee of covering losses in the event of their occurrence. The Export Credit Agency, Ukrgasbank, Ukreximbank and a pool of 14 policyholders are involved in the mechanism.