US companies can help rebuild Ukraine, says Export-Import Bank director


Reta Jo Lewis testifies before a Senate Banking and Urban Affairs Committee hearing on her nomination as chairman of the Export-Import Bank of the United States, on Capitol Hill in Washington, U.S., October 26, 2021. REUTERS/ Elizabeth Frantz/File Photo

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WASHINGTON, April 21 (Reuters) – U.S. companies can help rebuild Ukraine with digital infrastructure, clean energy and more in the wake of the Russian invasion, the Bank’s president said on Thursday. American import-export company, Reta Jo Lewis, before a meeting with Ukrainian finance officials.

“We want Ukraine to win. That is why we are doing everything we can to help Ukraine defend its sovereignty and territorial integrity, and to strengthen Ukraine’s position on the battlefield and to the negotiating table,” Lewis said.

Ukrainian Finance Minister Serhiy Marchenko welcomed the strong US support and said his country was seeking bridge financing to fill gaps in its budget.

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The country’s central bank governor, Kyrylo Shevchenko, said Ukraine’s banking system was in good shape and payment systems were working, nearly two months after Russia launched its Feb. 24 assault on its neighboring country. ‘Eastern Europe.

Ukraine is expected to lose a third of its gross domestic product in 2022 under a moderately optimistic scenario, Shevchenko said.

He said Ukraine had received nearly $4 billion in aid from the International Monetary Fund, the World Bank and the European Union, among others, but would need continued funding to cover gaps in its budget.

“In order to maintain a sufficient level of these resources, it will be crucial for us to continue to receive official funding from our international partners,” Shevchenko said, adding that his government counted on American support.

The Ukrainian delegation met with Lewis and other officials at EXIM headquarters in Washington on the sidelines of the IMF and World Bank spring meetings.

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Reporting by Andrea Shalal; Written by Doina Chiacu; Editing by Tim Ahmann and Paul Simao

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