The Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, has announced EUR 185 million in new guarantees for two projects aimed at strengthening Ukraine’s financial sector and improving access to finance for small and medium-sized enterprises (SMEs).
MIGA’s guarantees are a key tool for reducing risk for foreign investors and banks operating in Ukraine. They help maintain financial system stability, support lending to SMEs, and attract investment needed for the country’s recovery and development.
Specifically, MIGA issued guarantees of EUR 100 million to BNP Paribas S.A. and EUR 85 million to ING Bank N.V. in support of their investments in their Ukrainian subsidiaries. These guarantees will help reduce risks on the banks’ balance sheets and enable continued business lending.
The guarantees are provided through the SURE Trust Fund and leverage private reinsurance at a ratio of 1 to 3.7.
“MIGA’s commitment to supporting Ukraine during this critical period reflects our dedication to strengthening the banking sector’s ability to provide commercial lending in the country,” said MIGA Executive Vice President Hiroshi Matano. “These guarantees will enhance financial inclusion and empower local communities—particularly SMEs and women entrepreneurs—in their efforts to build resilient and sustainable businesses.”
According to the World Bank, russia’s war against Ukraine has caused damage to the Ukrainian economy exceeding USD 524 billion. Recovery on such a scale requires significant private investment and tools that mitigate war-related business risks. MIGA plays a vital role in this effort by offering guarantees and insurance that enable private sector engagement in Ukraine’s reconstruction.
Since the start of russia’s full-scale invasion in 2022, MIGA has issued USD 448 million in new guarantees for projects in Ukraine.
Follow us on Facebook, Twitter, LinkedIn, or YouTube.
