The key messages voiced by Olga Sсlovscaia, Regional Head Europe and Central Asia at MIGA, at the session “Investment Opportunities and De-risking Mechanisms to Mobilise Private Finance” at the Ukraine Recovery Conference URC 2023:
– Since Ukraine became a member of MIGA, the institution has invested more than USD 1.4 bln into Ukraine.
– MIGA announced a decision to issue a guarantee of USD 40.85 mln coverage in support of its long-standing client ProCredit Bank – a financial institution that also focuses on SMEs.
– By the end of 2023 MIGA hopes to have underwritten over USD 250 mln in insurance coverage in Ukraine.
– To overcome the existing lack of private reinsurance in Ukraine, MIGA has established its “Support to Ukraine’s Reconstruction and Economy Trust Fund” (SURE TF). MIGA announced the decision of the UK’s Government to contribute GBP 20 mln to the SURE TF.
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