US and World Bank partner to insure Ukraine investments against war risks
By
Dominic Culverwell
Summary
The U.S. and World Bank have signed a partnership agreement at the Ukraine Recovery Conference in Gdansk to provide war-risk insurance for U.S. investments in Ukraine. Through the World Bank's MIGA arm, the deal will insure DFC projects against political and war-related risks, with additional security coming via the U.S.-Ukraine Reconstruction Investment Fund linked to Ukraine's mineral resources.
Source
bskyUS and World Bank partner to insure Ukraine investments against war riskskyivindependent.comKey quotes
· 3 pulledThe partnership with the World Bank's insurance arm, the Multilateral Investment Guarantee Agency or MIGA, will insure DFC projects in Ukraine against political and war-related risks.
The agreement includes additional security for investors through the U.S.-Ukraine Reconstruction Investment Fund, which grew out of the much-publicized 'minerals
Projects backed by a joint U.S.-Ukraine investment fund will receive additional war-risk coverage after the World Bank and the U.S. International Development Finance Corporation signed an agreement at the Ukraine Recovery Conference in Gdansk on June 25.
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