The US welcomes Ukraine’s adoption of a law to improve corporate governance, US Ambassador to Ukraine Bridget Brink said at a conference on corporate reform.
“Ukraine has successfully implemented many important economic reforms, which have already had a very positive impact on the economy, which recovered with growth at 5% last year and may grow from 3% to 5% this year,” the diplomat said.
Brink emphasized that promoting transparent ownership of state property through effective management practices and strong corporate governance increases investor confidence, ensures cost savings, and accelerates investment. This will help inspire confidence in international investment capital and promote transparency and accountability of state asset management, which will be crucial in the future reconstruction.
Oleksiy Sobolev, Deputy Minister of Economy of Ukraine, added that successfully completing corporate reform will bring additional multi-billion-dollar investments to Ukraine.