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DFC to send envoy to Ukraine to help investors find insurance and financing, economy ministry says

DFC CEO Scott Nathan and Ukrainian Economy Minister Yulia Svydydenko (Ukrainian government photo)

The US International Development Finance Corporation (DFC) will send a special representative to Ukraine to help foreign investors find insurance and financing to participate more easily in the reconstruction of the country, Ukrainian Economy Minister Yulia Svyrydenko said.

"By the end of the year, DFC promises to start financing several more important projects," Svyrydenko said. "The corporation also plans to send a special representative to Ukraine to speed up and facilitate insurance and financing of investment projects. He will advise both Ukrainian and international businesses on cooperation with DFC."

Speaking after a meeting with DFC CEO Scott Nathan in Washington, DC, Svydydenko also said the US development institution said it intends to mobilize $1 billion worth of investments in Ukraine, with an emphasis on the energy sector.

"Therefore, we encourage strategic investors to apply for insurance both through the Ministry, directly to the DFC, and through the future special representative," she said. "The tool for insurance of investments in Ukraine is already available and DFC plans to intensify its work in this direction." 

Earlier this week, Svyrydenko also said the Ukrainian government is working to create a War Risk Reinsurance Fund with international financial institutions and other foreign partners to encourage private investment even before the war with Russia ends.

She said the fund is meant to help attract large private reinsurance firms and international insurers to the Ukrainian market to increase the availability of war-risk coverage in the country.

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