Security, reforms, new support tools, infrastructure development, compensation for the damages caused by Russia, and the integration of refugees and veterans are six key elements necessary to attract private investment to Ukraine, stated the US special representative for the economic recovery of Ukraine, Penny Pritzker, at the annual meeting of the American Chamber of Commerce.
The official added that anti-corruption reform is crucial for attracting the private sector’s interest, which will be necessary for the Ukrainian economy’s full recovery. Among the support tools, she listed investment risk insurance and marine insurance.
“We need to support infrastructure development to expand market access and increase exports,” Pritzker believes.
She recalled that the operation of the Odesa ports increased the export of grain and steel from two million tons per month to 7-8 million tons, which could add $25B, or 8%, to Ukraine’s GDP and potentially increase tax revenues by $5B per year, which is almost 10% of the state budget.