• Українською
  • Governments of Ukraine and France deepen cooperation to restore Ukraine’s economy and infrastructure and attract project financing: Yuliia Svyrydenko
    Ministry of Economy of Ukraine, posted 07 February 2024 11:53

    Ukraine and France continue to deepen economic cooperation, create conditions for increasing the inflow of foreign investment and implement joint projects in priority sectors of the Ukrainian economy. This was discussed during a meeting between Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine, and a delegation of the French Republic led by Pierre Heilbronn, Special Envoy of the President of the French Republic for Ukraine’s Relief and Reconstruction. The meeting was also attended by Ambassador of France to Ukraine Gaël Veyssière.

    “First of all, I would like to thank France for its unwavering support of Ukraine’s sovereignty and territorial integrity, military, humanitarian and financial assistance to Ukraine, which France has provided and continues to provide since the beginning of the war.

    Now, in order to restore Ukraine more quickly, we need to attract private investment, as it has the highest multiplier effect on the economy. The key sectors that will be prioritised for investment in 2024-2027 and have the greatest potential for Ukraine’s growth are the energy sector, transport and logistics for export, agri-food, critical materials, processing industry (including green metallurgy), IT and digitalisation, green transition and environmental protection,” said Yuliia Svyrydenko.

    During the meeting, the parties also discussed the preparation and implementation of bilateral intergovernmental economic agreements and cooperation between the countries in the area of investment guarantees.

    “Over the past few months, we have been actively working with our French colleagues to prepare several economic cooperation projects to rebuild our economy, attract new investors and provide investment guarantees,” said Yuliia Svyrydenko.

    The parties discussed deepening cooperation between the two countries, increasing funding for private sector development, as well as providing technical assistance and French experience in Ukraine.

    Another topic of the talks was the adoption of the Ukraine Facility, which provides for the allocation of EUR 50 billion over the next 4 years, and programmes for financing public and private projects using guarantee instruments as part of one of the components of the Ukraine Facility.