he process of Ukraine’s post-war recovery is impossible without attracting foreign investment. At the same time, the risk insurance mechanisms that the state has developed allow us to engage in a dialogue with partners about the sectors that are of greatest interest to global investors right now, not waiting for the end of the war. This was emphasized by Oleksandr Hryban, Deputy Minister of Economy of Ukraine, during his speech at a panel discussion at Ukraine House Davos at the World Economic Forum.
“We encourage foreign investors to consider Ukraine as a platform for business development and, without wasting time, to be involved in investing and rebuilding the country right now. To this end, we have created the Advantage Ukraine investment attraction initiative and an investment menu of opportunities with a potential of over USD 400 billion,” said Oleksandr Hryban.
“Ukraine should now be on the agenda of the global investment community. By implementing a large-scale promotion campaign on investment advantages, we want Ukraine to be recognized as a country with huge opportunities,” he added.
In just the first few months of Advantage Ukraine operation, the investment platform has received more than 500 inquiries regarding investment opportunities in Ukraine, as well as project proposals and trade cooperation. Potential investors from countries such as the United States, the United Kingdom, Germany, Denmark, and Belgium are interested in projects in the agricultural sector, transportation infrastructure, defense industry, and innovation and technology.
“The Advantage Ukraine project team, which consists of professional investment bankers, specialists from investment funds and the Great Four and is supported by the USAID Competitive Economy Program, is already working on more than 50 projects worth USD 8.69 billion. Among the most common areas of consulting are investment incentives, war risk insurance and debt capital raising,” said Oleksandr Hryban.
According to him, Ukraine cooperates with the World Bank’s MIGA agency and the American DFC agency, among others, to insure investments against military risks. Thus, as part of the pilot project, MIGA already has three cases where it has made insurance offers to companies.
As a reminder, First Deputy Prime Minister and Minister of Economy Yuliia Svyrydenko invited politicians and businessmen to join politicians and businessmen to join the post-war reconstruction of Ukraine and the implementation of joint projects. In particular, the Minister of Economy of Ukraine emphasized that private business had the best chance to start investing in our country and gain the appropriate advantages over competitors.
Background information
The Advantage Ukraine investment attraction initiative was presented on September 6 as part of a campaign developed by WPP with the support of the President of Ukraine. The platform contains investment projects and opportunities in 10 sectors of the economy with a total potential of over USD 400 billion.
In November, the Ministry of Economy also signed a Memorandum of Understanding with BlackRock, the world’s largest investment company. As part of this cooperation, Ukraine will receive consultations on the development of a special platform to attract primarily private capital to restore Ukraine and support the economy.
Currently, the Government is working on practical tools and reconstruction projects to ensure Ukraine’s rapid post-war recovery.
Source: www.kmu.gov.ua
