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years in advance. Also, funding delays forced the US to limit military aid packages to Ukraine, as the Pentagon only has $1B available to replenish its supplies. The Pentagon urged Congress to approve Biden's request for $61.4B in aid to Ukraine. Meanwhile, the Biden administration can send $4.9B worth of arms to Ukraine, provided under other powers of Congress.
Poland is launching an investment fund with investment insurance for Polish and Ukrainian entrepreneurs in Ukraine, said the government commissioner for Polish-Ukrainian development cooperation, Jadwiga Emilewicz, during a meeting in the Kyiv office of the Polish Investment and Trade Agency. She noted that investment insurance will be carried out by the Polish State Export Credit Insurance Corporation (KUKE), which, since September, has insured and reinsured investment and export contracts not only of Polish enterprises but also of international companies, including Ukrainian ones. "Currently, KUKE is implementing the first contract in the interests of a company outside of Poland - it is risk insurance for a German company investing in Ukraine," Emilevych said. She called the opening of the UN Office for Project Services (UNOPS) office in Poland another opportunity to attract investment in Ukraine’s reconstruction. UNOPS implements projects of the UN, international financial institutions, and governments in infrastructure, procurement, project management, financial management, and human resources.
The UK will help the EBRD with war risk insurance for projects in Ukraine. The UK will participate in developing and implementing a pilot project by the EBRD to provide insurance against war risks in Ukraine. The EBRD project envisages creating a new fund to promote the development of the international reinsurance market and insurance of property and trade risks, including insurance of goods in transit or warehouses. The signed statement of intent demonstrates the UK's support for the EBRD project's continued technical and administrative development. The UK will also contribute to increasing international interest in the project because it is a world leader in insurance matters. The cooperation of Ukraine's government with partners in military risk insurance is already yielding practical results. For example, MIGA recently approved a ten-year insurance package for an industrial park project in the Lviv region of Ukraine. The DFC is involved in providing political risk insurance with multiple applications representing hundreds of millions of dollars currently under review.
New Slovak government rejects $43 million military aid package for Ukraine. Slovakia's newly-appointed government has rejected delivering the 40.3-million-euro ($43.2 million) military aid package for Ukraine proposed by its predecessor, Slovak media reported on Nov. 8.
Belgium has created a €1.7B aid fund for Ukraine and will facilitate Ukraine's accession to the EU. The Heads of Foreign Affairs of Ukraine and Belgium, Dmytro Kuleba and Labib Aja noted that the promotion of Ukraine's membership in the EU will be one of the key priorities during Belgium’s upcoming presidency in the Council of the EU.
6.1.4 Budget dynamics - privatisation
SPFU announced large-scale privatization and the leasing of state land for agricultural purposes. In 2024, the State Property Fund of Ukraine plans to sell enterprises as part of large-scale privatization but also to hold auctions
75 UKRAINE Country Report December 2023 www.intellinews.com