DFC, MIGA Sign Agreement to Advance Political Risk Insurance in Ukraine

GDAŃSK, Poland - The U.S. International Development Finance Corporation (DFC) today signed a cooperation agreement with the Multilateral Investment Guarantee Agency (MIGA), the home of the World Bank Group Guarantee Platform, to establish a political risk insurance (PRI) framework for the United States-Ukraine Reconstruction Investment Fund (URIF). This framework is intended to catalyze and support opportunities for private sector investment and mobilization in Ukraine in connection with the fund's investments.

"Today's agreement with MIGA marks another important milestone with URIF and furthers the goal of accelerating Ukraine's recovery and long-term economic resilience," said Conor Coleman, DFC Chief of Staff and Head of Investments. "Now the fund is not only making active investments, but fulfilling its original commitment to mobilize additional co-investment vehicles alongside the platform. By aligning DFC's and MIGA's expertise, tools, and risk-mitigation capabilities, we can deliver more coordinated PRI solutions that give investors the confidence to pursue high-impact opportunities in Ukraine through URIF."

"Guarantees will be critical in mobilizing the private investment Ukraine needs to finance its recovery and reconstruction," said Ed Mountfield, MIGA Vice President and Chief Financial Officer. "We are proud to increase our support to Ukraine through this partnership with DFC, which will help to strengthen the country's business environment, mobilize private capital, and increase economic resilience, while creating and protecting jobs."

The cooperation convention was signed on the sidelines of the Ukraine Reconstruction Conference in Gdańsk, Poland by Coleman and Mountfield. The signing was witnessed by Ajay Banga, President of the World Bank Group; Oleksii Sobolev, Minister of Economy for Ukraine; and Jonathan Greenstein, Under Secretary for International Affairs at the U.S. Treasury Department.

Background on DFC's PRI:

Since 1974, DFC has issued more than 3,000 PRI policies in 152 countries totaling over $59 billion. DFC's PRI provides coverage against losses due to currency inconvertibility, expropriation and takings, and political violence, including terrorism.

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About DFC: The U.S. International Development Finance Corporation (DFC) is the international investment arm of the United States Government and central to U.S. economic statecraft. DFC mobilizes private capital to advance U.S. foreign policy and economic development. Our investments deliver strong returns for American taxpayers, drive meaningful economic development for our allies and partners, and secure supply chains to counter and outcompete our adversaries.  

About the World Bank Group Guarantee Platform: Initiated in 2024, the World Bank Group Guarantee Platform consolidates guarantee products and experts from across the World Bank Group at MIGA. It provides a simplified and comprehensive menu of guarantee solutions, enabling clients to select the instrument that best suits their needs. The platform streamlines processes, removes redundancies, and provides greater accessibility by de-risking investments in developing countries.   

About URIF: URIF is a key pillar of the Trump administration's economic partnership with Ukraine, harnessing American talent, resources, and governance to mobilize U.S. and aligned capital and create strategic investment opportunities for the United States, its allies, multilateral development banks, and other investors. The Fund is focusing on investments that support supply chain resilience and shared U.S. and Ukrainian economic security and prosperity.