U.S. & Ukraine governments sign OPIC memorandum of understanding

A Memorandum of Understanding [MOU] between the Government of Ukraine and the Government of the United States of America, which makes an important foundation for Overseas Private Investment Corporation (OPIC) to resume its work in Ukraine, was signed on November 10, 2008, according to a press release forwarded to UNIAN from USUBC.

On behalf of the Government of Ukraine the Memorandum has been signed by Bohdan Danylyshyn, the Minister of Economy of Ukraine, and on behalf of U.S. Government the MOU has been signed by the Ambassador of the United States of America to Ukraine William Taylor.

The signing of the MOU between the two governments is considered to be the first step in establishing practical mechanisms of dispute settlement with the Overseas Private Investment Corporation.

Ukraine has a very strong interest in the further attraction of private American investors that can insure their risks with OPIC, stated the Minister of Economy of Ukraine.

At the same time, Ambassador William Taylor underlined that sighing of the MOU is a very important step for the return of OPIC to Ukraine and an important sign that the United States of America believes in Ukraine and its economy.

Source of information: UNIAN
http://www.unian.net/eng/news/news-283797.html