Governments of Ukraine and Denmark are working on a programme of financial support for public and private sectors

On April 11, Deputy Ministers of Economy of Ukraine Oleksandr Gryban and Nadiya Bihun met with representatives of the Ministry of Business Affairs of the Kingdom of Denmark to discuss financial support instruments for the Ukrainian economy through concessional lending programmes, as well as investment attraction and the reconstruction of Ukraine’s damaged infrastructure. The event was attended by representatives of the Ministry of Finance of Ukraine, Mykolaiv Regional Council, the Embassy of Ukraine in the Kingdom of Denmark, and the Denmark’s Export and Investment Fund (EIFO).

“We are pleased to welcome the Government of Denmark, which is ready to join the reconstruction and recovery of Ukraine using such instruments as financial loan guarantee programmes. Denmark has become one of Ukraine’s largest financial donors, whose support has had a positive impact on the Ukrainian economy, given the consequences of the war. We believe that business is the engine of change, so the Ministry of Economy cooperates with international organisations and investment agencies to mobilise international capital into the Ukrainian private sector,” said Deputy Minister of Economy of Ukraine Oleksandr Gryban.

The Deputy Minister stressed that Ukraine was counting on the support of the Kingdom of Denmark in the issue of demining, in particular, the use of Danish technologies and the involvement of demining operators. The rapid demining of the territories will ensure the functioning of the Ukrainian agricultural sector and facilitate the realisation of the country’s export potential.

Representatives of the Ministry of Economy also thanked the Danish side for the initiative to rebuild Mykolaiv region. The region needs to quickly restore the housing stock, educational and medical infrastructure, and utilities destroyed during the war. Thanks to the Danish public-private partnership, projects are being implemented in the region using Danish technologies, such as green transition, water supply, navigation, transport, infrastructure, etc.

During the meeting, the parties focused on finding a model of financial support that Denmark could provide to Ukraine for further recovery. In particular, the parties discussed the programme of financial guarantees for loans supported by the Denmark’s Export and Investment Fund (EIFO) and grants for the public sector. They also discussed investments in the private sector.

Thus, the parties agreed to continue working on new support programmes and present the results during a visit of Ukrainian delegation to the Kingdom of Denmark.