The European Bank for Reconstruction and Development (EBRD) and the Multilateral Investment Guarantee Agency (MIGA) have signed a landmark first co-financing agreement, under which MIGA will issue up to US$200m in trade finance guarantees to the EBRD to take part of the EBRD’s risk under its Trade Facilitation Programme (TFP). The first country to benefit from this agreement will be Ukraine.
The EBRD, a focus of international support for Ukraine, deployed €1.7bn there in 2022, has pledged to invest €3bn in Ukraine in 2022-23 and has marshalled further international partnerships and finance with shareholders and donors.
