The current value of the Polish manufacturer production facility in Ukraine covered by us exceeds $45 million.
This is a landmark transaction for KUKE in many respects. It is the first insurance of a Polish investment in Ukraine since the outbreak of full-scale war. It is also the first reinsurance transaction of the FDI鈥檚 political risks carried out for the investor, rather than for the financing of the bank. At the same time, it is the first ever reinsurance transaction completed for multilateral financial institution, rather than for another export credit agency. The recently signed agreement with MIGA on cooperation and mutual support in insuring the activities of Polish business in foreign markets, with special focus on Ukraine, has quickly borne fruit. We are eager to support other companies based in Poland to safely and successfully invest in Ukraine to help rebuild the country and modernize its economy.
Katarzyna Kowalska, Deputy CEO of KUKE
We are committed to supporting Ukraine and the private sector, which is keeping the economy resilient in the face of Russia鈥檚 invasion. Our political risk insurance guarantee product has supported private investors who are playing a crucial role in sustaining Ukraine鈥檚 economy during the ongoing war.
Hiroshi Matano, MIGA Executive Vice President
KUKE鈥檚 offer in respect to Ukrainian market consist of three pillars:
- Export credit cover
- Investment insurance (greenfield, M&A, other)
- Cover for reconstruction & modernisation projects with participation of Polish contractors and suppliers.