Governor of the National Bank of Ukraine as part of a Ukrainian official delegation has left for Poland to participate in the Annual Meeting of the EBRD Board of Governors.
From 13 to 16 May, a Ukrainian delegation headed by Minister of Finance of Ukraine Oleksandr Shlapak is to attend the EBRD’s Annual Meeting of the Board of Governors to be held in Warsaw.
The main aim of this visit is to take part in the EBRD’s Annual Meeting of the Board of Governors and Business Forum. The Board of Governors is the highest authority and decision-making body of the EBRD. Approval of decisions to grant countries the status of members in this institution, decisions regarding the election of the institution's governing bodies, the distribution of the Banks' profits and assets, and approval of the Bank's budget fall within the field of competence of the EBRD Board of Governors.
It is expected that the members of the Ukrainian delegation will have an opportunity to hold talks with EBRD President Sir Suma Chakrabarti and the EBRD Banking Department's senior management team to discuss the EBRD country strategy for Ukraine and its focus areas in our country.
As part of this visit, the Ukrainian delegation is to meet with other foreign delegations, including the delegations from the United States and Switzerland.
In addition, the members of the Ukrainian delegation are to meet the senior management team of the European Investment Bank and the credit rating agency Moody's Sovereign Risk Group, as well as representatives from the Nordic Environment Finance Corporation (NEFCO) and the Eastern Europe Energy Efficiency and Environmental Partnership (“E5P”).
The Ukrainian side intends to discuss the prospects for bilateral Poland-Ukraine cooperation with Chairman of the Polish-Ukrainian Chamber of Commerce Jacek Piechota and Deputy Prime Minister and Minister of Economy of the Republic of Poland Janusz Piechociński.
In order to broaden Ukraine's investment field and familiarize foreign creditors with future investment opportunities, a presentation for investors on “Ukraine – New Reality, New Investment Opportunities” will be held on May 15 as part of the Business Forum events. The presentation will be delivered by the EBRD's Director for Ukraine Sevki Acuner, Ukraine's Minister of Economy Pavlo Sheremeta, Governor of the National Bank Stepan Kubiv, and representatives of Ukrainian business circles – Director General of the Concern Galnaftogaz PJSC Vitaliy Antonov and CEO of Axzon Group Tom Axelgaard.
For reference
A meeting of the EBRD Board of Governors takes place at least once a year. Ukraine's Minister of Finance is the EBRD Governor for Ukraine. The Governor of the National Bank of Ukraine holds the position of the EBRD Deputy Governor, being a member of the Board of Governors.
Ukraine has been an EBRD member since 1992. It is a member of the Swiss-led EBRD constituency together with other countries (Switzerland, Liechtenstein, Turkmenistan, Serbia, Montenegro, and Moldova). Ukraine ranks second in this constituency. Mr Werner Gruber is the EBRD Director for the countries forming the Swiss-led constituency. Ukraine is represented by the EBRD Deputy Director.
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