UNDP official called for innovative solutions to support growth and investment in Crimea

23 Oct 2013

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UNDP representative called for innovative solutions to support growth and investment during the IV International Black Sea Economic Forum in Yalta. The cooperation between UNDP and the government of Crimea will focus on improving the investment climate, building resilience and achieving targets of the development Strategy of the Autonomous Republic of Crimea.

The International Black Sea Economic Forum has convened more than 150 leading government and business stakeholders, international experts and media representatives from over 20 countries and serves as a platform for advancing the dialogue and bolstering cooperation on key development issues in the region. The Forum will foster investment attractiveness, economic growth and competitiveness of the Black Sea region overall and Crimea in particular. This year, the Forum’s focus is on vital issues shaping the regional economic agenda, including macroeconomic outlook and breakthrough growth areas, viable models for attracting investments and boosting agricultural production, infrastructure development, as well as spurring growth in tourism and MICE sectors.

Speaking at the Forum, Joanna Kazana-Wiśniowecki, Chief of the UNDP Western CIS and Caucasus Division, has emphasized that UNDP’s support in Crimea has evolved from a focus on actions aimed at reintegrating the formerly deported people in the peninsula’s socio and economic life and improving public and social infrastructure, to expert and advisory support in developing institutional capacities, carrying out policy analysis and policy formulation. Recent consultations between UNDP and Crimean government have revealed significant interest of the Council of Ministers in cooperation in the area of investment promotion, strengthening civil society and strengthening the image and territorial marketing potential of the region.

“The relations between the Crimean government and UNDP have entered a new phase, whereas Ukraine, being middle income country is no longer a traditional grant recipient, and the nature of its needs has also changed. These changes are reflected in the Memorandum of Understanding signed yesterday with the Council of Ministers.”- emphasized the UNDP official.

Ms. Kazana-Wiśniowecki underlined that UNDP will advance partnership and provide professional support in creating and running the Financial Facility which will address the region’s top priorities and will be able to consolidate the interests and engagement of different partners representing government, business, civil society and international actors.