Deals & Products SACE - 12 June 2024

SACE signs a Memorandum of Understanding with other major ECAs to Support Ukraine’s Recovery

Within the context of the Ukraine Recovery Conference (URC2024) in Berlin, SACE has signed a Memorandum of Understanding (MoU) on Cooperation for the support of Ukraine, along with other leading Export Credit Agencies and Investment Insurers. This MoU aims to lay the groundwork for promoting foreign trade and investment in Ukraine, to help secure the conditions for the country’s development.

The signatories of the MoU express their commitment to supporting Ukraine's economic, ecological, infrastructural, and social reconstruction efforts. This collaborative effort underscores the shared ambition to pioneer the country's path to recovery. 

Michal Ron, Chief International Officer of SACE, remarked: "We are proud to stand alongside Ukraine’s growth, together with other leading Export Credit Agencies worldwide. SACE promotes Ukraine as an attractive trade and investment partner for Italian companies and SMEs, and this MoU highlights the significance of our systemic commitment".

The signatories include: Atradius Dutch State Business (Netherlands), EDC (Canada), EGAP (Czech Republic), EKN (Sweden), Euler Hermes (Germany), EIFO (Denmark), Finnvera (Finland), KUKE (Poland), PricewaterhouseCoopers (Germany), NEXI (Japan), UKEF (UK), and USEXIM (USA). Alongside SACE, these institutions have agreed to continue their support for Ukraine through risk sharing and enhanced cooperation, including the establishment of an exchange format for fostering practical solutions to the challenges of export and investment promotion in the country. 

The initial signatories call on other countries to join this effort and support Ukraine’s future. The goal is to build a robust base of supporters dedicated to Ukraine’s recovery.

Documents

Download Press Release_SACE and European ECAs Sign Memorandum of Understanding to Support Ukraine’s Reconstruction
pdf 193 KB
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