World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 


U.S.-Ukraine Economic and Finance Working Group

U.S.-Ukraine Economic and Finance Working Group

Media Note
Office of the Spokesperson
Washington, DC
April 12, 2014

________________________________________
Yesterday, Under Secretary of State for Economic Growth, Energy and the Environment Catherine Novelli met with Ukrainian Central Bank Governor Stepan Kubiv, Minister of Finance Oleksandr Shlapak, and Minister of Economic Development and Trade Pavlo Sheremeta to discuss a range of strategic and economic issues. Under Secretary Novelli and the Ukrainian delegation were joined by senior U.S. officials from the National Security Council, the U.S. Department of the Treasury, the Office of the United States Trade Representative, the U.S. Agency for International Development, the U.S. Trade and Development Agency (TDA), the Export-Import Bank (Ex-Im Bank) of the United States, the Overseas Private Investment Corporation (OPIC), and the U.S. Department of Commerce.

The working group discussed ways of moving President Obama and Prime Minister Yatsenyuk’s economic agenda forward, focusing on U.S. assistance efforts, increasing bilateral trade and investment flows, combating corruption, and carrying out economic reforms. Under Secretary Novelli commended Ministers Kubiv, Sheremeta, and Shlapak for the reforms the Ukrainian Government and parliament had already begun, citing the Rada’s recent passage of the two anti-corruption measures, an information law, and a procurement law, all demonstrating to the international community Ukraine’s commitment to reform.

Under Secretary Novelli and Minister Sheremeta then discussed Ukraine’s IMF Program and the U.S. Government’s recently approved $1 billion loan guarantee program. In the context of these programs, both sides agreed to re-double efforts to get the Ukrainian economy on stable footing while implementing policies to establish the rule of law, transparency, and good procurement practices.

The two sides then reviewed ways in which the Ukrainian Government could improve Ukraine’s business environment in order to attract greater U.S. and global investment. Highlights of that discussion included the U.S. Department of Commerce’s efforts to organize a “Business Summit,” chaired by Secretary of Commerce Penny Pritzker, as well as OPIC President and CEO Elizabeth Littlefield’s description of OPIC programs and projects to mitigate risk. Director of the U.S. Trade and Development Agency Leocadia Zak and Ex-Im Bank Chief Banking Officer and Senior Vice President of Export Finance Claudia Slacik also outlined an extensive set of tools and mechanisms within the U.S. Government that might help increase project financing and development, and accelerate private sector partnership creation.

Lastly, participants discussed trade issues, with Minister Sheremeta outlining Ukraine’s proposed one-way preferential access to the EU market starting May 1, and Deputy Assistant U.S. Trade Representative Betsy Hafner proposing various ways in which Ukraine and the United States might cooperate more closely on trade.

ENDS

© Scoop Media

 
 
 
 
 
World Headlines

 

Detroit: City-Backed Water Shut-Offs Contrary To Human Rights

20 October 2014 – The city of Detroit must restore access to water for its citizens who remain unable to pay their bills, two United Nations experts urged today, adding that a failure to do so would be a violation of the most basic human rights of those ... More>>

ALSO:

DR Congo: Head Of UN Mission Condemns Deadly Rebel Attacks

A MONUSCO APC is greeted by FARDC soldiers on their way back from the front line in the Beni region of the DRC where the UN is backing the FARDC in an operation against ADF militia. Photo: MONUSCO/Sylvain Liechti More>>

UNESCO Chief Denounces Killing Of Cambodian Journalist

17 October 2014 – The head of the United Nations agency tasked with defending press freedom today denounced the killing of a Cambodian reporter shot while investigating illegal logging in the eastern part of the country. More>>


UN Lauds Role Of Family Farmers In Ending Global Hunger

A farmer at work in a dragon fruit field in Viet Nam (July 2013). Photo: FAO/Hoang Dinh Nam | See more photos More>>


Funding Gap Looms Amid Efforts To Tackle Ebola & ISIS

Funding Gap Looms Amid Efforts to Tackle ‘Twin Plagues’ Ebola, ISIL, Warns UN Rights Chief More>>

ALSO:

  • The White House - Ebola: What You Need to Know

  • Egypt Sentences Another Al Jazeera Journalist

    In another disturbing move against freedom of speech and independent journalism in Egypt, one of Al Jazeera Arabic channel’s presenters, Ahmed Mansour, has been sentenced in absentia to fifteen years imprisonment by Cairo’s criminal court on the absurd ... More>>

    ISIL Advance On Iraqi Town Unleash New Flood Of Displacement

    Syrian Kurds from the town of Kobane seeking shelter in Iraq's Kurdistan region. Photo: UNHCR/D. Nahr More>>

    ALSO:

  • U.S. Department of State - U.S. Condemns ISIL Attacks in Iraq
  • U.S Announces Humanitarian Assistance For Palestinians

    Today, Secretary of State John Kerry announced $414 million in U.S. assistance to the Palestinians. More>>

    ALSO:

    Get More From Scoop

     
     
     
     
     
    World
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news