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THE FINANCIAL TOOLS FOR COVER POLITICAL RISKS IN PROJECT FINANCE
Authors: S. Naumenkova, Doctor of Sciences (Economics), Professor Taras Shevchenko National University of Kyiv, Кyiv, Ukraine, S. Mishchenko, Doctor of Sciences (Economics), Assosiated Professor Banking University, Кyiv, Ukraine, E.Tishchenko, economist, project manager, Кyiv, Ukraine

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This article examines the risk-mitigation in public-private partnership. Today Ukraine is ranked as "CRT-5 country" and has high levels of
economic and political risk. Political risk grows steadily because of financial and political instability in Ukraine. We conclude that investors
continue to rank political risk as a key obstacle to long-term investing. The tools for cover many types of political risks such as war, terrorism, civil
disturbance, breach of contract, export or operating license cancellation, currency inconvertibility and transfer restriction, change of laws and
regulations etc. are described by authors. We focus on the advantages of World Bank Group Guarantee products. The guarantee instruments of the
three WBG institutions for cover political risks under different circumstances are the most suitable for public-private partnership in Ukraine. In this
article the political risk-mitigation with IBRD Partial Risk Guarantee put forward by authors for PPP projects in Ukraine.