The support of foreign export credit agencies will help to facilitate leveraging private investment to Ukraine

OREANDA-NEWS. February 01, 2016. Minister of Economic Development and Trade of Ukraine Aivaras Abromavicius opened the first large-scale international event for export credit agencies concerned in Ukraine. High level of the International conference “Focus Ukraine: Global Export Credit Agency and Multilateral Financial Institutions Strategy Meeting”, which was organized by the American Chamber of Commerce, proves interest of investors in Ukrainian market.

“Last year we were solving urgent problems, but this year we should trigger economic growth. 2016 should be the year of leveraging investment and large-scale privatization, while a deregulation reform will serve as a means of achieving our main goal - removing barriers for business”, said Aivaras Abromavicius and noted that the export credit agencies will help private capital flow to Ukraine, as they deal with issuing export financing and cover the risks of private investors.

The Minister also noted that the Ministry of Economic Development and Trade and he personally work directly with each particular agency to find out what is needed to enhance their activity, whether they have certain problems and how we can speed up investment from their countries.

During the conference representatives of North American, European and Asian export credit agencies took the floor. They explained the peculiarities of the existing or possible programs for Ukraine. From the USA were participating: the OPIC (Overseas Private Investment Corporation), Eximbank, USAID, EDC. Europe was represented by such countries as Germany, France, the Netherlands, Finland, Sweden, Norway, Austria, Italy, Israel, Poland, Czech Republic, Turkey, from Asia – by Japan, Korea, China. The EBRD and the IFC participants told about the opportunities and strategies of IFIs for Ukraine.

During the topical panels the members discussed principal lines for investment in Ukraine in 2016-2017.

“Ukraine has never had a more open Government for business,” the Minister of Economic Development and Trade of Ukraine stressed, summing up the conference.