In London, within the framework of the Ukrainian Infrastructure Forum international event, the future post-war reconstruction of Ukraine was discussed among leaders of international financial institutions and Ukrainian government representatives.
The reconstruction of Ukraine is a monumental task that requires unprecedented funding. The process is impossible without attracting funds from international organisations, individual countries, international financial institutions and the private sector.
Deputy Minister of Economy of Ukraine Oleksandr Gryban gave a report on the mechanisms of attracting such funds at the forum.
After the victory of Ukraine, our state will become one of the best in the world in terms of opportunities that are open to investors. Currently, we are doing everything possible to ensure that the process of investing in the reconstruction of Ukraine begins now, without waiting for the end of the war. In particular, we are working on practical instruments for the insurance of political and military risks, we are developing the structures of funds for attracting private investments.
The fact that the global investment community is interested in projects in Ukraine is evidenced, in particular, by the recent signing of a Memorandum with the largest investment company on the planet, BlackRock. We are sure that a massive inflow of direct foreign investment is inevitable. Moreover, we see great prospects in mobilizing the resources of export credit agencies, including for guaranteeing credit risks when financing infrastructure projects.
Oleksandr Gryban. Deputy Minister of Economy of Ukraine
The Ukrainian officials focused on the presentation of the Advantage Ukraine investment platform, which was presented in September with the support of the President of Ukraine. So far, more than 400 requests have been received on the platform. In particular, more than a hundred inquiries have already been received from strategic and portfolio investors from the USA, Great Britain, Germany, Denmark, Belgium, the Republic of Korea, etc.
Investors are primarily interested in such sectors of the Ukrainian economy as innovations and technologies, agro-industrial complex, mining, infrastructure, industrial production and logistics. Projects in the energy and defense industry sectors are also of considerable interest.
As Oleksandr Gryban noted, given the extent of the destruction of infrastructure as a result of the war, reconstruction with only state funds may take a long time. A much faster and more effective way is public-private partnership.
"We must act quickly - and in this case, the experience and expertise of the private sector in project management should come to the rescue," Oleksandr Gryban added.
As a reminder, Ukraine's investment opportunities and their impact on reconstruction were also presented as part of the Ukrainian Road Show at the leading international conference and exhibition of corporate technologies TechEx Global in London.
Source: Government Portal of Ukraine
