U.S. special envoy visits Kyiv, offers insights on economy recovery

Source: Ukrinform

On her visit to Kyiv, U.S. Special Envoy for Ukraine Economic Recovery, Penny Pritzker, said Washington is committed to supporting Ukraine’s economic recovery. In a press conference held on Tuesday, Pritzker, who is soon stepping down from her role, outlined several key initiatives that can help “revitalize” Ukraine’s economy.

The key message, it’s not about raising taxes.

Pritzker emphasized that while the Ukrainian government has a free hand in their fiscal policy, the U.S. advises “focusing on customs reform and tackling shadow markets” rather than raising taxes.

Ukraine needs customs service reforms and more efficient policies for sales of cigarettes, alcohol, and electronics, which can bring more revenue into the country’s budget, stressed the U.S. diplomat.

“The road ahead is challenging, but with continued support and collaboration, I am confident that Ukraine will emerge stronger and more prosperous,” she said.

 

 

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