How to leverage the private sector in the reconstruction of Ukraine? Understanding IFC and MIGA’s financial toolkits
Time: 13. March 2024 at 10:30-12:00 CET
Place: Norad, Bygdøy Alle 2, Oslo, Infocenter 5. floor and digital
With the full-scale war entering its third year, Ukraine’s recovery and reconstruction needs continue to increase. Ukraine needs a competitive economy and a private sector that can actively support the recovery and reconstruction. This event seeks to provide an update on private sector investment opportunities and challenges in Ukraine and to explore the toolkit of the World Bank Group for private sector investments in Ukraine.
The World Bank Group engages with the private sector through the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA). They have both been active in Ukraine for decades and have created substantial programmes aimed at boosting private sector investments in Ukraine. IFC has set up the Economic Resilience Action programme and MIGA has set up a dedicated Trust Fund for Ukraine’s Reconstruction and Economy.
We have invited senior IFC and MIGA representatives to showcase their activities in Ukraine’s recovery and how Norwegian and Ukrainian partnerships can use their financial mechanisms to unlock vital competence, technology and capital for Ukraine. Companies that have already accessed the IFC and MIGA toolkits will present case studies and examples.
We look forward to exploring private sector opportunities in Ukraine with you.
[Draft] Agenda
Part 1: Presentations and context
10:15 – 10:30 Arrivals
10:30 – 10:40 Opening remarks (10 min)
- Host/Moderator welcomes participants and provides short opening remarks and presentations, including providing an overview of the Nansen Support Programme to Ukraine
- Norad: welcome remarks
- MFA: opening remarks, State Secretary Eivind Vad Petersson
10:40 – 10.55 Ukraine context and needs (15 min)
- Quick overview of reconstruction needs, efforts, and priorities
- Ukrainian business environment – Ukrainian perspective
- European Business Association: Anna Derevyanko, (online)
Part 2: IFC-MIGA in Ukraine
10.55 – 11:05 IFC-MIGA presentation (10 min)
- Presentation of IFC+MIGA work in EMs, products, and expertise
- IFC-MIGA (Jan van Bilsen / Yann Burtin)
11:05 – 11:20 IFC-MIGA in Ukraine (15 minutes)
- Highlights from Private Sector Opportunities (PSO) Report
- Updates of the Rapid Damage and Needs Assessment (RDNA3) (released 14, 15 feb)
- Highlights from IFC ERA Programme
- Examples of how we can work together (investments; advisory; trade finance e.g. MHP; PPPs)
- IFC (Elena Voloshina)
Part 3: Collaboration examples
11:20 – 11:35 Presentation of companies working with IFC-MIGA (15 min)
- Dragon Capital (M10 Industrial Park) collaboration with MIGA
- Other cases of collaboration are discussed
- Dragon Capital: Mykhailo Sakun (online)
- IFC, MIGA
11:35 – 11:50 Q&A (15 min)
- The floor is open for questions from participants to any of the presenters
- All (moderated by NUCC and/or Norad)
Part 4: Closing and Speed Dating
11:50 – 12:00 Summing up (10 min)
- NUCC with closing remarks and way forward.
- NUCC (Ketil E. Bøe, Chairman)
12:00 – 13:00 pm Speed dating
- Breakout rooms for speed dating meetings with companies: IFC-MIGA staff individually talk with companies for 10-15 min.
- IFC-MIGA (Elena Voloshina / Jan van Bilsen / Jonas Knapp Yann Burtin)
Register for a speed date by sending a short presentation of your company and a short summary of what you want to discuss to post@nucc.no