The Swedish government has presented the Strategy for the reconstruction of Ukraine for 2023-2027, and 6 billion Swedish kronor (€522.6m – Ministry of Economy) will be allocated for its implementation. This was announced by the Swedish Minister for International Development Cooperation and Foreign Trade Johan Forssell during an online meeting with the First Deputy Prime Minister of Ukraine – Minister of Economy Yulia Sviridenko, according to the website of the Ministry of Economy of Ukraine on Saturday.
“The Swedish government has presented the Strategy for Cooperation on Recovery and Reforms in Ukraine for 2023-2027, which provides for the channeling of 6 billion Swedish kronor for projects to rebuild Ukraine. This is the largest bilateral aid program in Swedish history in terms of funding and it was Ukraine that became its recipient,” the report said.
“The funds will be used for infrastructure rehabilitation, green development, entrepreneurship, trade, demining, and media. We also welcome in the fact that the Swedish government will encourage large companies to enter and develop in Ukraine,” – said Yulia Sviridenko.
It is noted that the budget of the Strategy is distributed between the organizations responsible for the implementation of projects: the Swedish International Development Cooperation Agency (SIDA) – 5.7 billion SWK, the Swedish Institute (SI) – 225 million SWK and Folke Bernadotte Academy (Folke Bernadotte Academy) – 75 million SWK.
Separately they discussed issues of war risk insurance, cooperation with MIGA, DFC.
“The Swedish side noted that it is working on solving the issue of insurance of Swedish companies and ensuring trade operations, because the Ukrainian market is promising for the development of trade and economic cooperation between the two countries,” – emphasized in the message of the Department.
