On December 11, 2020, Government’s Investment Promotion Office UkraineInvest signed a Memorandum of Cooperation with the Ukrainian World Congress. This first document lays the institutional foundation for cooperation between Ukraine and the Ukrainian diaspora in the economic and investment spheres.
The memorandum was signed as part of the first annual international conference “Ukraine: Investment Harbor in the Time of Change,” organized by UkraineInvest and supported by the USAID Competitive Economy Program. Watch the video here.
The memorandum aims to take cooperation between the Ukrainian World Congress and UkraineInvest to promote business and investment processes in Ukraine to a new level.
In particular, the memorandum refers to:
– Supporting the development of modern capital market infrastructure in Ukraine;
– Promoting the establishment of Ukraine-oriented business associations and chambers of commerce and industry around the world in order to intensify economic development and economic activity;
– Establishing and activating the knowledge network of the Ukrainian diaspora for the purposes of ensuring valuable international ties, and providing access to new ideas and skills in the economic, business, and investment spheres.
“The conclusion of a memorandum of cooperation will strengthen the interaction of UkraineInvest with representatives the Ukrainian diaspora representatives abroad, intensify the promotion of Ukraine in the world, promote a positive investment image of our country and facilitate foreign investment,” noted Sergiy Tsivkach, Executive Director of UkraineInvest.
“I am delighted that today the Ukrainian World Congress signed a Memorandum of Cooperation with UkraineInvest, which raises our cooperation to a new level. This is the first document of its kind for the UWC that lays the institutional foundation for cooperation between Ukraine and the Ukrainian diaspora in the economic and investment spheres. I firmly believe that Ukraine can turn the economic crisis caused by the COVID-19 pandemic into opportunities to accelerate its growth and become an IT and manufacturing hub for Europe and other markets. We will mobilize our communities throughout the world, and together, we will continue to do everything possible to promote business and investing in Ukraine,” said Lenna Koszarny, UWC Vice President and Chair of the Economic Prosperity and Investment Committee (EPIC), who will direct and coordinate UWC activities and initiatives under this memorandum.
