Pavlo Kostyuk: the London conference showed progress in the world’s attitude to the restoration of Ukraine
The conference on the restoration of Ukraine, which took place on June 21-22 in London (URC 2023), gathered hundreds of officials, businessmen, and members of non-governmental organizations from different countries of the world, including representatives of the Ukrainian Reconstruction Fund.
– Today, potential donors have the calculations of the World Bank regarding the needs of Ukraine, – noted the chair of the URF Pavlo Kostyuk, – they share the concept of quick and sustainable recovery, they see the main directions of financing, and most importantly – its mechanisms. This is significant progress.
Aid packages from Great Britain, the United States, France, and Switzerland have been announced in London. The European Union plans to provide the largest support: 50 billion euros by 2027 to cover the deficit of the Ukrainian budget.
In addition, the conference announced the launch of a campaign for the consolidation of investment capital – the creation of the business coalition Ukraine business compact, which already includes 400 companies from 38 countries. And together with the EU, Norway, Switzerland, and the EBRD, Ukraine also signed an agreement on joint work on the insurance of war risks.
– It is important that representatives of leading democracies, financial strategists, and opinion leaders spoke about these and other initiatives. I heard a powerful signal for business and those countries that are still hesitating about whether it is worth investing in Ukraine, Pavlo Kostyuk emphasized.
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