The Chairman of the Committee on Economic Development Dmytro Natalukha took part in the first meeting of the Supervisory Board of the Investment Framework for Ukraine, to which he was delegated by the Verkhovna Rada of Ukraine.
“Everyone already knows about the Ukraine Facility programme from the European Union, under which our country will receive €50 billion by 2027,” says Dmytro Natalukha.
“So, the Ukraine Facility provides for the creation of the Ukraine Investment Framework (UIF), a powerful tool for attracting investment.
The UIF, as one of the EU's top diplomats put it: “the secret weapon of the Ukraine Facility”. In fact, the Ukraine Investment Framework is €9.3 billion for economic development. Through various instruments such as loan guarantees and blended finance, this element should help Ukraine attract additional investment.
On 17 April 2024, the European Union officially launched the UIF.
The Ukraine Investment Framework provides for the existence of a Steering Board, which includes representatives of the European Commission, EU member states and the Ukrainian authorities.
I was delegated to it under the quota of the Verkhovna Rada of Ukraine, and the Government was represented by Oleksii Sobolev.
The plans are ambitious. According to the European Commission, the Ukraine Investment Framework will help attract €40 billion of private and structural investment!
Once again, with a budget of €9.3 billion, the multiplier for this component exceeds x4. For comparison, this is the equivalent of all foreign direct investment in Ukraine since 2012. There will be a lot of work.
At the first meeting, we managed to approve the Supervisory Board's rules of procedure and its strategic directions and guidelines.
Personally, it is a great honour for me to represent the Parliament of Ukraine on the UIF Supervisory Board, as this initiative is far from ordinary.
On my part, I will try to help my colleagues set the right priorities in project financing and focus on what is of “Ukrainian interest” – processing and creating added value and jobs.
In my memory, this is the first such large-scale programme to attract investment in the real sector of the economy for a single country outside the EU.
And this indicates not only the commitment of our partners to helping Ukraine, but, indeed, the desire to see Ukraine in the European family.”