Executive Summary and Policy Recommendations

The 2011 OECD Investment Policy Review of Ukraine assesses the country’s ability to comply with the principles of liberalisation, transparency and nondiscrimination and to bring its investment policy closer to recognised international standards such as the OECD Declaration on International Investment and Multinational Enterprises (MNEs). Based on the OECD Policy Framework for Investment, the Review considers the interaction and coherence of investment policy with other areas such as investment facilitation, trade and competition policy as well as responsible business conduct practices critical for enhancing the investment climate. It also highlights specific challenges faced by Ukraine to attract investment in support of energy efficiency. The Review shows that Ukraine has made progress in developing a legal framework for attracting foreign direct investment (FDI), but implementation problems continue to affect domestic and foreign investors alike and prevent the country from mobilising private investment commensurate with its economic potential and investment needs.