Norway has contributed NOK 240 million (approximately US$22 million) to the Support to Ukraine’s Reconstruction and Economy Trust Fund (SURE TF), which was designated as the World Bank’s Multilateral Investment Guarantee Agency (MIGA) in February 2023. The fund aims to provide insurance for investments in Ukraine, particularly focusing on post-war recovery. Yuliia Svyrydenko, Ukraine’s First Deputy Prime Minister and Economy Minister, expressed gratitude for Norway’s contribution, emphasizing the importance of private investment for the country’s recovery. The SURE TF, facilitated by MIGA, plans to offer short-term guarantees for financing trade and essential commodities, supporting small businesses with credits and liquidity. In the long term, the fund aims to provide political risk insurance for large-scale projects in Ukraine’s real economy. Norway’s support is part of its multi-year Nansen support program for Ukraine, complementing other World Bank funding for the nation.

Read more at Ukrainska Pravda.