Poroshenko invites American companies to join National Investment Council

Source : 112 Ukraine

Head of State thanked US for its support of Ukraine
19:33, 28 September 2016

112 Agency

President of Ukraine Petro Poroshenko met with the Minister of the United States Department of Commerce Penny Pritzker, who is on a working visit to Ukraine as the head of the US delegation at the event to honor the 75th anniversary of the tragedy in Babyi Yar. The press service of the President’s Administration reports this.

The Head of State thanked the US Secretary of Commerce for support for Ukraine in the protection of its sovereignty and territorial integrity, and for financial and technical assistance for the implementation of reforms in Ukraine.

Related: USA to allocate $1 billion to Ukraine until end of September

"The last decision to grant loan guarantees from the US government and the decision of the International Monetary Fund to allocate us the next tranche are recognition of our achievements", said Poroshenko and stressed that it is "substantial financial support for our reforms".

The President welcomed the plans of leading US corporations like Cargill, Bunge and General Electric to increase their investments in Ukraine. He also invited American companies to join the National Investment Council.

Speaking about her visit to Ukraine, which is the third in the past two years, US Secretary of Commerce said: "Every time I see your extraordinary efforts and the enormous potential of Ukraine. Having started key economic reforms two years ago, your country has continued execution of the required IMF programs to receive financial assistance not only from the IMF, but also from the USA. The state has created institutions to ensure the rule of law and the fight against corruption. You have improved public procurement system and ensured the transparency for declaration of income of public servants".

Related: IMF to allocate about $ 1 billion for Ukraine

At the same time, she noted that there is still a lot of work, and the United States stand ready to further assist Ukraine in the reforms’ implementation.

Speaking on the allocation of $ 1 billion loan guarantee from the US government this year, after two similar in May 2014 and May 2015, US Secretary of Commerce said: "The provision of this credit guarantee demonstrates our confidence in Ukraine and in its devotion to the implementation of vital economic and anti-corruption reforms".

The representatives of the US business community.

Related: EU to allocate 16 million euro for Ukraine to fight corruption

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