Minister Mary Ng appoints Roman Dubczak to the Business Advisory Council at the Ukraine Recovery Conference to boost trade and investment.
Canada continues to support Ukraine’s recovery by appointing Roman Dubczak, Deputy Chair of CIBC Capital Markets, to the Business Advisory Council (BAC) at the 2024 Ukraine Recovery Conference in Berlin, Germany. This council, composed of industry leaders from G7 countries, aims to enhance business recovery and encourage new investments in Ukraine.
Canada’s Commitment to Ukraine’s Recovery
The Honourable Mary Ng, Minister of Export Promotion, International Trade, and Economic Development, emphasized Canada’s ongoing support for Ukraine. The appointment of Roman Dubczak highlights Canada’s dedication to Ukraine’s economic reconstruction.
At the Ukraine Recovery Conference, industry leaders and government representatives convened to discuss strategies for accelerating Ukraine’s recovery post-conflict.
The Role of the Business Advisory Council
The BAC was established under the Multi-agency Donor Coordination Platform for Ukraine (MDCP) to drive Ukraine’s economic recovery. Comprised of industry leaders from G7 countries, the BAC will provide critical business insights and recommendations to enhance Ukraine’s investment climate.
Additionally, the council aims to foster trade and investment, which are crucial for Ukraine’s reconstruction and growth.
Supporting Small and Medium Enterprises
One of the BAC’s key focuses is to support Ukrainian small and medium enterprises (SMEs), including women entrepreneurs and social impact investors. These enterprises are vital for Ukraine’s long-term economic stability.
The BAC will offer advice on overcoming obstacles faced by businesses in Ukraine, integrating the country into global supply chains, and accelerating investments in priority sectors such as energy.
Canada’s Representation in the BAC
Roman Dubczak, with his extensive experience in capital markets, will represent Canada in the BAC. As Deputy Chair of CIBC Capital Markets, Dubczak is responsible for senior client relationships, client strategy, and the Office of the Group Head. His leadership and expertise will be instrumental in guiding the BAC’s efforts to improve Ukraine’s business environment.
Background on Roman Dubczak
Dubczak joined CIBC Wood Gundy in 1992 and has held various leadership roles within CIBC’s Global Investment Banking, Global Equities, and Corporate Debt Origination businesses. He is also the Chair of the Board of Directors for CIBC Mellon Global Securities Services Company and CIBC Mellon Trust Company.
His experience and dedication to community service, both in Canada and internationally, make him a valuable addition to the BAC.
Enhancing Trade and Investment
At the Ukraine Recovery Conference, Export Development Canada (EDC) was among the first 13 export credit agencies to sign a Memorandum of Understanding (MOU) to enhance export credit assistance and foreign direct investment for Ukraine.
This collaboration aims to provide financial solutions, insurance, and networking opportunities to support Canadian firms conducting business internationally.
Minister Mary Ng’s Statement
Minister Ng reiterated Canada’s unwavering support for Ukraine:
“Canada continues to stand with Ukraine, and the trade and investment sectors are no exception.
The appointment of Mr. Dubczak to the MDCP BAC and EDC’s signature of this MOU exemplify Canada’s support for and contribution to the rebuilding of Ukraine, especially looking forward to the imminent coming into force of the modernized Canada-Ukraine Free Trade Agreement (CUFTA).”
Quick Facts
- The G7 Multi-Agency Donor Coordination Platform for Ukraine was established on December 12, 2022, to ensure close coordination among donors and advance Ukraine’s reform agenda.
- The MDCP has expanded beyond the G7 and now includes 22 countries.
- The Business Advisory Council (BAC) aims to boost trade and investment in Ukraine.
- The modernized CUFTA will enter into force on July 1, 2024, marking a new era in the economic relationship between Canada and Ukraine.
- EDC helps Canadian firms conduct business internationally through expertise exchange, financial solutions, insurance, and networking opportunities.
The Final Word
Roman Dubczak’s appointment to the BAC underscores Canada’s commitment to Ukraine’s recovery and economic growth. The collaboration between the BAC and MDCP, along with the support of industry leaders, will be pivotal in rebuilding Ukraine’s economy.
As Ukraine looks forward to a brighter future, Canada’s continued involvement will play a crucial role in driving sustainable growth and development.
Sources: THX News, CIBC, Ukraine Government, Ukrainian World Congress & Global Affairs Canada.
