The Multilateral Investment Guarantee Agency (MIGA) of the World Bank Group and the U.S. International Development Finance Corporation (DFC) signed a cooperation agreement in Gdańsk on Thursday during URC2026 to establish the URIF-PRI mechanism for insuring project risks in Ukraine.
“The idea is very simple. To rebuild Ukraine, private sector funds will be needed, because the public sector alone cannot provide sufficient assets or money. The only way for the private sector to get involved is through proper risk-reduction mechanisms,” said World Bank President Ajay Banga.
He added that joint efforts by DFC and MIGA would help reduce investment risks in Ukraine.
Ukraine’s Minister of Economy, Environment, and Agriculture Oleksii Sobolev clarified that the mechanism covers not only projects of the U.S.-Ukraine Reconstruction Investment Fund (URIF) created with DFC participation, but also other projects in Ukraine.
According to him, there have previously been only a few cases of MIGA insuring Ukrainian projects directly or through banks, and the new mechanism will significantly expand the number of eligible beneficiaries.
