Ukraine offers investors wide ‘menu’ of projects worth $400 billion

Ukraine offers investors wide ‘menu’ of projects worth $400 billion

The Ukrainian government will do everything to minimize the risks of investors due to the war

This statement was made by Prime Minister of Ukraine Denys Shmygal during the V Ukrainian-German Economic Forum in Berlin.

The head of government noted the established cooperation with the Multilateral Investment Guarantee Agency (MIGA). According to him, MIGA has successful cases in countries where terrorist activities were carried out. The agency has already allocated $30 million to Ukraine for the implementation of a pilot investment insurance project.

Denys Shmygal also expressed hope that the International Finance Corporation (IFC) would submit a package of financial assistance to attract investors for approval by the World Bank Board of Directors.

The Prime Minister recalled that in order to promote investment, Ukraine has resumed privatization, deepens deregulation, and creates conditions for rapid investment. The government also submitted changes to the law on the so-called "investment nannies", which expand the circle of potential investors. Denys Shmyhal specified that preferences for projects over €20 million will now apply to projects over €12 million. In addition, the areas in which relevant projects can be implemented will be expanded.

The Ukrainian prime minister said that Ukraine has formed a wide investment menu - more than 500 investment projects and opportunities in 10 sectors of the economy with a total potential of more than $400 billion.

Related posts