Ukraine’s Prime Minister Serhii Koretskyi held talks with Anna Bjerde, the World Bank’s Managing Director for Operations. The main focus of the discussions was war-risk insurance and support for Ukrainian businesses.
According to Koretskyi, Russia is intensifying attacks on Ukrainian companies and infrastructure, inflicting significant damage on the economy. Government estimates suggest that direct business losses in 2026 could reach $8bn.
He stressed that Ukraine’s resilience depends not only on the Defence Forces, but also on companies’ ability to keep operating, preserve jobs and pay taxes.
One of the government’s priorities is the creation of a War-Risk Insurance Fund. It is intended to combine support for affordable insurance for businesses with mechanisms for partial compensation for the damage incurred.
During the conversation, the parties discussed possible instruments for financing the fund. Ukraine and the World Bank will continue working together to develop an effective model involving international financial institutions and the insurance market.
Particular attention was given to the SPUR 2.0 programme and attracting new donors to expand financial support for Ukraine.
Serhii Koretskyi thanked Anna Bjerde and the World Bank team for their partnership and support for Ukraine.
- The government plans to launch a war-risk insurance fund in 2027.