Photo from UNIAN
Effective privatization of state property and a better business climate are required to attract such investment, Markarova said.
Ukraine's Finance Minister Oksana Markarova says Ukraine needs over US$10 billion in investment annually to accelerate its economic growth, which is 4-5 times up from the current investment.
"Now we are attracting [US$]1.5 bln - $1bln - $3 bln a year. This is not enough for a country and economy like ours. These investments should be plus $10 bln," she told a Ukrainian TV channel on February 18.
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According to the minister, effective privatization of state property and a better business climate are required to attract such investment.
UNIAN memo. The foreign direct investment in Ukraine's economy in 2018 was estimated at $2.5 billion, with 60% of this amount channeled into the real sector, according to the National Bank of Ukraine (NBU).
International Monetary Fund (IMF) Resident Representative in Ukraine Goesta Ljungman earlier said that Ukraine, in order to accelerate its economic growth, needs investment, but it should be ten times larger than the current one.