Government works with World Bank on creating War Risk Insurance Fund for Ukrainian business

Prime Minister of Ukraine Sergii Koretskyi held a conversation with Anna Bjerde, Managing Director of Operations at the World Bank. The sides focused on war risk insurance and support for Ukrainian business.

The Head of Government stressed that Russia is stepping up attacks on Ukrainian enterprises and infrastructure, causing significant damage to the economy. According to the Government's estimates, businesses' direct losses in 2026 could reach USD 8 billion.

"Ukraine's resilience rests on our Defense Forces and on the ability of businesses to keep operating, preserve jobs and pay taxes. That is why protecting enterprises from war risks is one of our priorities," said Sergii Koretskyi.

They discussed creating a War Risk Insurance Fund, which would combine support for affordable insurance with mechanisms for partial compensation of losses. The parties also considered options for funding it through various instruments. Ukraine will continue working with the World Bank on an effective model that involves international financial institutions and the insurance market.

Another topic was the SPUR 2.0 program and bringing in new donors to expand financial support for Ukraine.

According to the Prime Minister, the previous program proved highly effective, so it is important to continue this work.

Sergii Koretskyi thanked Anna Bjerde and the World Bank team for their partnership and consistent support of Ukraine.