The United Kingdom has contributed £20 million to the Trust Fund for the reconstruction and economy support of Ukraine (SURE), initiated by the Multilateral Investment Guarantee Agency (MIGA) of the World Bank in February 2023

According to information from the Ministry of Economy of Ukraine, the £20 million contribution to the insurance trust fund MIGA will help reduce project risks and attract essential private investments to Ukraine to support economic recovery now and in the future.

According to the World Bank, Russia's invasion of Ukraine has resulted in losses of $411 billion. Therefore, significant investments are needed for reconstruction. MIGA can make a substantial contribution to providing solutions to attract the private sector.

MIGA's Executive Vice President Hiroshi Matano stated that the SURE fund has already supported several projects in Ukraine. Along with Norway's previous contribution of approximately $22 million, MIGA can collectively insure at least $100 million in new investments in Ukraine.

It is expected that the fund will increase to $300 million through additional contributions from other donors. This will allow MIGA to provide guarantees for trade financing, insurance of banking reserves during conflicts, and political risk insurance to support post-war recovery.

According to the Minister of Industry and Economic Security of the United Kingdom, Nusrat Ghani, this contribution is a support for Ukraine's economic recovery and a reduction in investment project risks.