Ukraine Recovery Conference resulted into signing of more than 100 international agreements
Тhe third Ukraine Recovery Conference has come to an end in Berlin. More than 100 international agreements were signed, announced Prime Minister of Ukraine Denys Shmyhal.
“Our team, led by President Volodymyr Zelenskyy, achieved very practical results. These include projects in the energy sector, defence industry, rebuilding social and critical infrastructure, and economic recovery. Their estimated value, according to the German side, is about EUR 16 billion,” stressed the Head of Government.
Inter alia, in the energy sector: the United States will provide USD 824 million to support Ukraine's energy infrastructure. Moreover, an agreement with Germany for EUR 30 million to improve the reliability of our energy system was inked.
“The World Bank will provide an additional USD 47 million grant to be used to purchase thermal equipment for Kharkiv. The EU will provide an additional 1,000 generators and solar panels. This is in support of our efforts to decentralise the energy system,” noted Denys Shmyhal.
Besides, Memorandums have been signed with many leading companies on decentralised electricity production, increasing the use of renewable energy sources, introducing energy-efficient technologies, building smart grids and restoring hydroelectric power plants.
In the finance and economy sector, according to the Prime Minister, a meeting of the Multi-Agency Donor Coordination Platform was convened for the first time at the ministerial level. Moreover, by the end of June, Ukraine will receive another EUR 1.9 billion in budgetary funding from the EU.
“With the EU, we inked the first guarantee agreements worth EUR 1.4 billion under the investment component of the Ukraine Facility programme,” added Denys Shmyhal.
Besdies, Ukraine together with the United States is working on the allocation of USD 7.8 billion in budget support, as well as USD 1.5 billion for economic recovery. Apart from that, the SME Resilience Alliance for Ukraine was launched. This is a commitment to support our SMEs worth over EUR 7 billion.
“Together with our partners, we launched the Skills Alliance. The aim of this initiative is to provide retraining opportunities for tens of thousands of Ukrainians. The planned budget is EUR 700 million over three years. The U.S. DFC has announced funding for risk insurance worth USD 350 million. This will bring more foreign investment into our economy,” noted Denys Shmyhal.
Also, the Prime Minister told that Ukraine would receive a USD 230 million grant from the International Bank for Reconstruction and Development to improve sea and rail connections. While the world's leading companies and business associations from the U.S., EU, Canada, UK, and Norway have set up a Business Advisory Council to increase investment in our country.