An important part of the Ukraine Recovery Conference 2024 (URC2024) in Berlin on June 11-12 this year will be a professional recovery forum aimed at achieving a concrete result in establishing contacts between Ukrainian, German and international stakeholders, German Development Minister Svenja Schulze said.
“This is not an idle conference, we would like to create a business development fund with systemic financial instruments to support, for example, small and medium-sized businesses or to support local reconstruction,” she said at a roundtable discussion on Ukraine’s reconstruction at the Munich Security Conference.
Schulze also noted the intention to create a center to provide municipalities with the information, funding and training services they need.
She said the role of municipalities will be one of the four main topics that will be the focus of URC2024, along with the role of the private sector and private investors, the EU accession process and the reforms needed for it, and the topic of human capital and social recovery.
“We need to mobilize the private sector. This is really important. Not enough public money? – We also need private money. We have local and regional requirements: municipalities and regions need to be part of this process and they need to help drive it forward,” explained the German Development Minister.
According to her, all these topics at the Recovery Conference will also be permeated by the common theme of digitalization, in which Ukraine has already achieved impressive results.
business development funds, GERMANY, municipalities assistance center
