Ukrainian Ministry of Economic Development interested in migration capital engagement

30 April 2014

IOM Chief of Mission Manfred Profazi met today with the Minister of Economic Development and Trade of Ukraine Pavlo Sheremeta.

“Today, the question of effective policy of engaging migration capital to socio-economic development of Ukraine is very important. The Government has to pay a great deal of attention to it”, - underlined the Minister.

The main topic of the meeting was discussion of cooperation and partnership within the framework of the IOM project “Research and Policy Dialogue Initiative on Migration and Remittances in Ukraine”, funded by the Government of Canada.

According to the National Bank of Ukraine, in 2013 the level of private remittances to Ukraine form abroad increased by 13.4% – to 8.5 billion US dollars, which equals 4,7% of the GDP (2010-2012 it was 4,3%)