Sergii Marchenko discussed wide opportunities for Canadian investors and business to participate in Ukraine’s post-war reconstruction

As part of his working visit to Canada, Minister of Finance of Ukraine Sergii Marchenko held a meeting with Canadian businesses and representatives of the Ukrainian business community in Canada.

He also took part in a roundtable with leading Canadian pension and investment funds, joined by Canada’s Minister of Finance François-Philippe Champagne.

The participants discussed in detail the prospects for Canada’s involvement in Ukraine’s large-scale post-war reconstruction program.

Sergii Marchenko expressed gratitude to Canadian partners for their comprehensive support and emphasized the importance of mobilizing private capital for reconstruction – through reliable partnership mechanisms and transparent project implementation.

The Minister of Finance of Ukraine highlighted the key sectors with strong investment potential:

“Today, Ukraine is opening wide opportunities for the private sector. Reconstruction will become a large-scale investment initiative requiring a comprehensive approach. The World Bank has preliminarily estimated Ukraine’s recovery needs at over USD 500 billion. Key priorities include the defense and industrial complex, housing construction, modernization of energy infrastructure, the agricultural sector, logistics, and demining”.

Minister Marchenko also emphasized that Canada already provides significant assistance to Ukraine in areas such as humanitarian demining and the restoration of critical – particularly energy – infrastructure.

On its part, the Government of Ukraine is implementing an ambitious reform agenda across key sectors of the economy, aligned with the recommendations of the IMF, World Bank, and the European Commission.

“Even amid the ongoing war, Ukraine is moving decisively on the path of reform and European integration, opening up new opportunities for business and investment. The Government is building a transparent and predictable environment to attract more investors to reconstruction projects in Ukraine,” said the Minister.

To ensure the effective implementation of recovery projects, the Ministry of Finance of Ukraine is introducing a Public Investment Management (PIM) reform. This reform establishes a systematic and transparent approach to determining investment priorities.

In 2024, the Government approved a Single Project Pipeline consisting of 789 projects totaling USD 57.8 billion.

For 2025, USD 5 billion in funding is planned for 91 of these projects. 

Sergii Marchenko called on businesses and funds to invest in the restoration, reconstruction and development of Ukraine.

The participants expressed interest in investing in Ukraine and developing mutually beneficial partnerships that support the country’s recovery efforts.

The discussion also addressed mechanisms to mitigate risks, including war risk insurance instruments developed in cooperation with the European Bank for Reconstruction and Development (EBRD) and the U.S. International Development Finance Corporation (DFC). The Minister added that one solution could be investment insurance by the Government of Canada.

The meeting with businesses was organized by the Alberta-Ukraine Chamber of Commerce, Ukrainian Canadian Professional Business Association, Network of Ukrainian Professionals in Alberta Hryvnia Network.