Managing the geopolitical risks of Ukraine’s recovery: Unlocking financial diplomacy

Ukraine and its allies have already begun discussing the terms of post-war reconstruction. But there are still many important issues to be resolved: raising and coordinating funding, ensuring transparency and advancing anti-corruption reforms, and attracting private investors who face increasingly complex ESG regulations in the context of growing domestic political, environmental, and socioeconomic risks.

– How can Ukraine change business perceptions to encourage investment? 
– What are the main challenges in providing and receiving financing for recovery? 
– Who should join the coalition to rebuild Ukraine?

These issues were discussed by the participants of the discussion “Managing Geopolitical Risks of Ukraine’s Recovery: Unlocking Financial Diplomacy”, which took place on the eve of URC2023.

The CEO of UkraineInvest spoke about the steps Ukraine is taking to reduce investment risks, companies and investors that continue to operate in the face of war, and what the government is doing to create incentives for businesses and partners.

“We must set an example to the world not to be afraid to work with Ukraine. Many international players have come to Ukraine this year, we see companies like BlackRock, JP Morgan and others taking the ball in their hands. In 2022 alone, major international brands such as Bayer, Unilever, Kingspan announced new investment projects in Ukraine. Cersanit, which has also been investing during the war, has built a new tile production plant in Ukraine. So this is happening. Just talk, talk to the government, talk to the relevant authorities, we are here to support you because we need to support and develop our country,” said Sergiy Tsivkach, addressing the partners.

The event was attended by representatives of business, the EBRD, the World Bank, credit rating agencies and governments of partner countries working with Ukraine in the field of reconstruction financing.

The discussion focused on risk management and the need for financial diplomacy 一 coordination of macroeconomic policy, investment regimes, and banking regulation.

The event was organized by ODI and Crown Agents. 

The ODI is an independent international think tank dedicated to programs aimed at creating transformational change. The Center produces high quality, internationally recognized research that informs policy development and contributes to leadership in addressing global issues.  

Crown Agents is an international company focused on helping governments around the world to increase prosperity, reduce poverty and improve health through advisory, supply chain management, financial services and training.

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