WASHINGTON (Sputnik) — Jaresko, an American who was granted Ukrainian citizenship to become finance minister, was urging attendees at the business forum to invest in Ukraine as the country tackles the twin problems of financial stabilization and structural reform.
“I am confident we [Ukraine] will succeed with your investment, with your corporate governance, with your technologies, with your partnership,” Jaresko said at the US-Ukraine Business Forum in Washington, DC.
Noting Ukraine suffered from decades of economic mismanagement and faces “economic meltdown,” Jaresko said the government now has a vision to address financial stabilization and structural reform simultaneously.
Speaking at the forum, Ukraine’s Prime Minister Arseniy Yatsenyuk urged US investors to participate in the large-scale privatization of state-owned assets.
The conflict between Kiev forces and independence supporters in the country's east erupting in mid-April last year has left Ukraine on the verge of a default, while the country's currency, the hryvnia, has sharply dropped since 2014.
