- by admin - Mon, 07/24/2023 - 08:46
The Ministry of Economy, together with international financial institutions and representatives of partner countries, primarily the G7 countries, has been working on the creation of a targeted Trust Fund, which will guarantee that the private reinsurance market will become active again in Ukraine. This, in turn, activates the private capital market.
The Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, has been already considering applications from foreign investors to cover investment risks. The Japanese government recently has announced that the country has already contributed the first tranche to the Trust Fund in the amount of 23 million US dollars to cover military risks while investing in Ukraine.
For today, a number of export credit agencies (ECA), in particular the British and German ECA, demonstrate a proactive position and are ready to provide insurance for their investors.
Currently, the team of investment banking professionals of the Advantage Ukraine platform, which has been working with the support of the USAID Program "Competitive Economy of Ukraine", selects investment applications, verifies them and provides the necessary assistance in the preparation of projects, as well as advises potential investors. In the future, those who decide to invest will be accompanied by the UkraineInvest office.
Reference source: https://bit.ly/3HIWt55