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.The 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 deal" talks between Kyiv and the DFC and was ultimately designed to invest across a broad range of sectors. "For Ukraine to rebuild, you're going to need private-sector money. The only way the private sector will come into this is through the right risk-reduction methodologies," said Ajay Banga, the 14th president of the World Bank Group, at the signing."This is an effort by DFC and us together to help reduce the risk so that the private sector can feel confident about the opportunity to invest in Ukraine’s future."
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