Ukraine and the World Bank will strengthen cooperation for economic recovery and investment attraction
21.10.2024 | 15:54 | Section for Public and Mass Media Relations
Ukraine and the World Bank will deepen cooperation in the implementation of projects for transformation of the Ukrainian economy, facilitating the return of citizens, and attracting foreign investment to rebuild the country after the war.
This was discussed during the meeting between Yuliia Svyrydenko, First Deputy Prime Minister of Ukraine – Minister of Economy of Ukraine, and Bob Sohm, Regional Director for Eastern Europe at the World Bank. The meeting was also attended by First Deputy Minister of Economy Oleksii Sobolev, Deputy Minister of Economy Andrii Teliupa and Deputy Chairman of the Board of Ukrfinzhytlo PrJSC Oleh Zhuravliov.
“We are interested in deepening our cooperation with the World Bank experts, particularly in the issues of supporting key reforms and strategic projects. Together, we must create conditions for innovative development of Ukraine’s economy, which will ensure the return of Ukrainians who were forced to leave the country because of the war. The World Bank’s experience and expert support are extremely valuable in this process,” emphasized Yuliia Svyrydenko.
The parties discussed a number of priority projects, including RISE Project (Resilient, Inclusive, and Sustainable Entrepreneurship). The World Bank expects to provide Ukraine with a $1 bln loan (PforR) and a $30 mln grant (IPF) to support government reforms in the private sector. The financing will be used to refinance the state business support programmes, including such initiatives as Affordable Loans 5-7-9% and eRobota.
Another topic for discussion was preparations for the Ukraine Recovery Conference (URC-2025) to be held next year in Rome. The World Bank will work out what results can be presented at the URC-2025.
The parties agreed that the World Bank would take an active part in the studies on development of the Ukrainian economy in a post-war period.
Particular attention was paid to the issue of public investment management (PIM). The World Bank expects to launch the Ukraine Project Preparation Framework (PPF) in February 2025, a programme to develop economically sound investment projects that meet the country’s strategic goals.
The World Bank will contribute to development of the state housing strategy, which will focus in particular on supporting vulnerable groups. The parties discussed measures to stimulate the construction and reconstruction of housing stock, as well as to improve the financing systems for housing and communal infrastructure.
The parties also discussed the creation of intergovernmental working group for development and restoration of the housing stock, which will include the World Bank experts.
“We are interested in expanding further cooperation between the bank and the Ukrainian Financial and Housing Company. We ask for assistance in further development of the optimal financial and mortgage model with a focus on citizens who need housing the most,” said Yuliia Svyrydenko.
The parties also discussed the World Bank’s involvement in development of the capacity of local authorities to prepare projects in the regions, including those near the front line, where economic activity needs to be supported.
Particular attention was paid to human capital development, including retraining programmes, in particular for women, and updating the Labour Code. The World Bank will assist in developing reforms aimed at creating a dynamic labour market in Ukraine.
Read also:
-
24.12.2024 | 10:24
| Section for Public and Mass Media Relations
Trade with Japan grew by 6% in 2024 and by another 30% last year: Yuliia Svyrydenko at the Ukraine-Japan Business Forum in Osaka
Ukraine is actively working to strengthen bilateral trade with Japan and has noted an increase in activity since the start of the full-scale invasion. Today’s goal of Ukraine is not only to trade with Japan but also to attract Japanese investment to produce Japanese products in Ukraine. This was emphasised by Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine, at the Ukraine-Japan Business Forum held on 18 December in Osaka.
-
24.12.2024 | 10:19
| Section for Public and Mass Media Relations
Japan to launch coordinating council for Ukraine’s recovery to bring together Ukrainian and Japanese businesses
Japan has announced the establishment of a coordination council for the reconstruction of Ukraine, which will involve Ukrainian and Japanese businesses. This was announced by Hiromasa Nakano, Minister of Land, Infrastructure, Transport and Tourism of Japan, during a meeting with Yuliia Svyrydenko, First Deputy Prime Minister of Ukraine and Minister of Economy of Ukraine, and members of the Ukrainian delegation. -
24.12.2024 | 10:12
| Section for Public and Mass Media Relations
Ukraine and Japan strengthen bilateral economic cooperation
First Deputy Prime Minister and Minister of Economy of Ukraine Yuliia Svyrydenko met with Minister of Economy, Trade and Industry of Japan Yoji Muto in Tokyo. The parties emphasized the success of the ninth joint meeting between the Ministry of Economy of Ukraine and Keidanren Japan Business Federation with the participation of Ukrainian and Japanese entrepreneurs.
-
24.12.2024 | 10:06
| Section for Public and Mass Media Relations
Ukraine is counting on continued financial support from Japan in 2025: Yuliia Svyrydenko
Ukraine is counting on financial support from Japan in 2025. Currently, the Japanese parliament is finalizing the discussion of the draft budget for next year. During the meeting with the Ukrainian delegation, Japanese parliamentarians emphasized the unwavering support of our country. This was announced by First Deputy Prime Minister of Ukraine and Minister of Economy of Ukraine Yuliia Svyrydenko following the meeting with the Chairman of the Japan-Ukraine Parliamentary Friendship Association Eisuke Mori and representatives of all parliamentary parties.
-
24.12.2024 | 09:59
| Section for Public and Mass Media Relations
Production of Japanese pickup trucks to be launched in Ukraine: Yuliia Svyrydenko
Ukraine will launch a project to manufacture Japanese pickup trucks using the SKD (Semi-Knocked Down) services. This is a joint project of several Ukrainian manufacturers and a Japanese engineering company. This was announced by Yuliia Svyrydenko, First Deputy Prime Minister of Ukraine and Minister of Economy of Ukraine, during a business forum organised by the Japan External Trade Organisation.