Five key components for a strong economic recovery plan for Ukraine
U.S. SPECIAL REPRESENTATIVE FOR UKRAINE’S ECONOMIC RECOVERY PENNY PRITZKER HAS OUTLINED FIVE KEY COMPONENTS THAT TOGETHER FORM THE “BUILDING BLOCKS OF A STRONG ECONOMIC RECOVERY PLAN FOR UKRAINE” AND WILL PUT THE COUNTRY ON THE PATH TO PROSPERITY.
At a briefing in Kyiv, Pritzker said that in order to make Ukraine’s recovery vision a reality, it is necessary to provide Ukraine with support for “interagency planning, which is really about increasing the capacity of technical experts who can work with Ukrainians to help coordinate across government and support the development of a single priority project.”
The second point Pritzker made was the need to accelerate to expand the list of ready-to-implement projects “from a dozen to hundreds and hopefully eventually to thousands.”
“As the ambassador said, we need to support Ukraine in accelerating reforms, which is absolutely essential to lay the foundation for investment, a prosperous economy, EU accession, and NATO membership,” the special representative emphasized.
In addition, she said, it is necessary to make the world attract more capital, not only by withdrawing $50 billion of Russian frozen assets, but also by “revitalizing insurance, reinsurance, stock and banking markets.”
Pritzker also added that it is necessary to bring Ukraine’s veterans, internally displaced persons and refugees home, teach them the skills needed to rebuild Ukraine, and put them back to work.
“Taken together, these five key components form the building blocks of a strong economic recovery plan for Ukraine and will put it on the path to prosperity,” she added.
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