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Driving Ukraine’s Economic Recovery in Partnership with the Private Sector

The Department of State, the United States Agency for International Development, and the Department of Commerce, in partnership with the U.S. Chamber of Commerce and the Government of Ukraine, hosted the second U.S.-Ukraine Partnership Forum on April 17 at the Chamber headquarters in Washington, D.C.

During her keynote address, Special Representative for Ukraine’s Economic Recovery Penny Pritzker highlighted the importance of solidifying the foundation of Ukraine’s economic future and outlined steps taken by the United States in partnership with American companies to support Ukraine’s economic resilience through key sectors, such as infrastructure, energy, and manufacturing.

The Forum convened leaders in business, government, and policy to explore avenues to help Ukraine recover from Russia’s ongoing illegal war and rebuild as the country stabilizes its economy and lays the foundation for revitalization and modernization.  Under Secretary for Economic Growth, Energy, and the Environment Jose W. Fernandez moderated a panel on removing barriers to investment that focused on the reforms necessary to advance Ukraine’s Euro-Atlantic integration and encourage private investment.  Coordinator for U.S. Assistance to Europe, Eurasia, and Central Asia Maria Longi participated in a panel on sustainable economic development, which outlined Ukraine’s priorities for its economic recovery and development, and how donors and the private sector can support.

The United States has provided $22.9 billion in budget support to the Government of Ukraine through World Bank mechanisms.  The United States has provided an additional $1.05 billion to help strengthen the resilience of Ukraine’s energy system which remains under assault by Russian missiles and drones.  Assistant Secretary for Energy Resources Geoffrey R. Pyatt leads the G7+ group to coordinate international assistance to maintain and modernize Ukraine’s energy system which is a cornerstone of Ukraine’s economic recovery.

Throughout the forum, U.S. leaders and its partners recognized the sustainable revitalization of Ukraine’s economy will require the dynamic participation of the private sector.  The United States will continue to engage the private sector to identify new opportunities to work together to spur investment for the sustainable revitalization of Ukraine’s economy.

Learn more about the 2024 U.S.-Ukraine Partnership Forum at the webpage: events.uschamber.com/2024usukrainepartnershipforum/. For further information, please contact [email protected]. For inquiries from the U.S. business community, please reach out to the Office of Commercial and Business Affairs at [email protected].

Official news published at https://www.state.gov/driving-ukraines-economic-recovery-in-partnership-with-the-private-sector/

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