Ministry of Economy of Ukraine
USTDA can prepare investment analysis of projects for the growth of Ukrainian business
20.11.2023 | 16:51 | Section for Public and Mass Media Relations
The United States Trade and Development Agency (USTDA) is interested in helping the development of Ukrainian businesses that work with American partners. This was discussed during a meeting between Yuliia Svyrydenko, First vice Prime Minister of Ukraine - Minister of Economy of Ukraine, and Eno Ebong, Director of USTDA, in Washington, DC.
As noted at the meeting, the Agency can prepare investment analysis of projects for business growth. To obtain it, Ukrainian entrepreneurs will need to apply to the USTDA through their American partners or the Embassy of Ukraine in the United States. USTDA's investment analysis will help companies to submit high-quality applications to MIGA or DFC insurance agencies for war risk insurance or other financial support.
"Today, the Government of Ukraine is working to provide conditions for the recovery and sustainable development of the private sector. The initiative of the Trade and Development Agency is very important, as it will contribute to the growth of Ukrainian business," said Yuliia Svyrydenko.
This expert support will be available to companies operating in key sectors for Ukraine, as defined in the Ukraine Facility Plan. In particular, energy, transport and logistics for export, the agricultural sector, critical materials, IT and digitalization, processing industry and green metallurgy.
"These are extremely promising industries in terms of growth. They are definitely worthy of foreign investors' attention and we see interest, including US companies, for cooperation in these areas. We expect that the efforts made by the Ukrainian Government and our partners will create a powerful synergy for the development of businesses operating in these sectors, and thus the economy of Ukraine," said Yuliia Svyrydenko.
During the meeting, the First vice Prime Minister of Ukraine - Minister of Economy of Ukraine also spoke about the progress in developing the Ukraine Facility Plan.
The Plan was presented to representatives of the G7 countries and international financial institutions at a multi-donor platform in September. On 17 October, the European Parliament supported a proposal to create a EUR 50 billion fund to support Ukraine for 2024-2027. After several rounds of consultations with representatives of the EU Commission, the structure of the draft Plan was agreed upon.
"Our joint work is ongoing and we look forward to the continued participation of the United States in the preparation of initiatives under the Ukraine Plan and the implementation of reconstruction and recovery projects in Ukraine," said Yuliia Svyrydenko.
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