| Singapore 2006 Annual Meetings of the Boards of Governors of the International Monetary Fund and the World Bank Group |
Singapore was hosting the 2006 Annual Meetings of the Boards of Governors of the
International Monetary Fund and the World Bank Group. About 16,000 delegates and
observers were expected to participate in the Annual Meetings.
From 16 to 21 September 2006 the Ukrainian delegation consisted of the representatives of
the Cabinet of Ministers, National Bank, Secretariat of the President, Ministry of Economy
and State Export-Import Bank of Ukraine and headed by the Minister for Economy of
Ukraine Mr. Volodymyr MAKUKHA participated in the 2006 Annual Meetings of IMF and
WB.
International Monetary Fund and the World Bank Group. About 16,000 delegates and
observers were expected to participate in the Annual Meetings.
From 16 to 21 September 2006 the Ukrainian delegation consisted of the representatives of
the Cabinet of Ministers, National Bank, Secretariat of the President, Ministry of Economy
and State Export-Import Bank of Ukraine and headed by the Minister for Economy of
Ukraine Mr. Volodymyr MAKUKHA participated in the 2006 Annual Meetings of IMF and
WB.
UKRAINE AND SINGAPORE SIGN INVESTMENT GUARANTEE
Ukraine and Singapore signed an Investment Guarantee Agreement (IGA) today, at the
sidelines of the World Bank/IMF meeting.
The IGA demonstrates the growing bilateral economic relations between the two countries. It
also augurs well for the business communities, as it will lay a solid framework where
investors from Ukraine and Singapore can benefit from greater certainty in clearly set out
investment norms and protection when investing in the other country. The key provisions of
the agreement include:
most favoured nation treatment to be accorded to investments;
freely convertible and transferable compensation in the event of expropriation and
nationalisation; and
referral of investment disputes that cannot be settled to the International Centre for
Settlement of Investment Disputes, established by the Convention on the Settlement of
Investment Disputes between the States and Nationals of Other States.
The agreement was signed by Mr Volodymyr Makukha, Minister of Economy, Ukraine, and
Mr Lim Hng Kiang, Minister for Trade and Industry, Singapore.
MINISTRY OF TRADE AND INDUSTRY MINISTRY OF ECONOMY
REPUBLIC OF SINGAPORE UKRAINE
18 SEPTEMBER 2006
Ukraine and Singapore signed an Investment Guarantee Agreement (IGA) today, at the
sidelines of the World Bank/IMF meeting.
The IGA demonstrates the growing bilateral economic relations between the two countries. It
also augurs well for the business communities, as it will lay a solid framework where
investors from Ukraine and Singapore can benefit from greater certainty in clearly set out
investment norms and protection when investing in the other country. The key provisions of
the agreement include:
most favoured nation treatment to be accorded to investments;
freely convertible and transferable compensation in the event of expropriation and
nationalisation; and
referral of investment disputes that cannot be settled to the International Centre for
Settlement of Investment Disputes, established by the Convention on the Settlement of
Investment Disputes between the States and Nationals of Other States.
The agreement was signed by Mr Volodymyr Makukha, Minister of Economy, Ukraine, and
Mr Lim Hng Kiang, Minister for Trade and Industry, Singapore.
MINISTRY OF TRADE AND INDUSTRY MINISTRY OF ECONOMY
REPUBLIC OF SINGAPORE UKRAINE
18 SEPTEMBER 2006
Embassy of Ukraine in the Republic of Singapore
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