This task force will oversee 20 priority projects and aims to broaden its scope into new sectors, according to Richard Verma, the U.S. Special Representative for Ukraine’s Economic Recovery and Deputy Secretary of State for Management and Resources.
Prioritizing Strategic Investments
During a speech at the Center for Strategic and International Studies (CSIS), Verma emphasized the need to expedite cooperation with Ukraine to identify and support investments that align with the country’s future integration into the European Union (EU) and NATO. Key objectives include:
- Critical Infrastructure Development: Selecting projects that fulfill EU and NATO standards, ensuring Ukraine’s infrastructure is both resilient and strategically aligned.
- Private Sector Incentives: Crafting special agreements to encourage participation from American, European, and allied companies in Ukraine’s reconstruction.
- Focus on Raw Materials: Deepening cooperation in the geopolitically vital sector of critical raw materials, especially as Ukraine moves ahead with privatizing state-owned assets.
“It’s essential that Kyiv’s privatization process invites broad international private sector involvement and avoids empowering a new generation of oligarchs,” Verma stressed.
