The Multilateral Investment Guarantee Agency of the World Bank (MIGA) provided the first investment guarantee for private investors of Ukraine, as reported by press service of the Ministry of Finance.
The Ministry explains, MIGA guarantee gives an important signal to international investors regarding activation of war risk insurance in Ukraine.
Insurance amounting up to $9.1 million was provided for the M10 Industrial Park project in Lviv owned by UIPH, the majority shareholder of Dragon Capital.
The guarantee is provided for financing construction and operation of the warehouse complex and related infrastructure in the M10 industrial park. The insurance covers war risks for the period of 10 years.
Yulia Svyrydenko, the Minister of Economy, comments, “Many Ukrainian and foreign companies will be able to submit the bids and to receive new guarantees”.
- On April 18, 2023, Japan was the first to contribute costs to cover war risks when investing in Ukraine.
- On June 21, the German bank increased its insurance guarantees for war risks in Ukraine.
- On August 7, Germany extended guarantees to its companies investing in Ukraine.