The Government has already authorized the responsible ministries to open four accounts with the National Bank, to which funds from individuals, organizations, companies and international financial organizations will be credited. Prime Minister of Ukraine Denys Shmyhal said in a video address on March 6.
“We are talking about the Economic Recovery and Transformation Fund, the Affected Business Support Fund for small and mid-size enterprises. About the Destroyed Property and Infrastructure Restoration Fund. Here we are talking about homes, and apartments, and the housing that people have lost. In fact, this fund will also provide such compensation issues. As well as the Debt Management and Redemption Fund”, noted the Head of Government.
According to Denys Shmyhal, the Cabinet of Ministers is engaged in negotiations with all international organizations about the financial support.
“Among the recent decisions – the European Investment Bank will transfer EUR 639 million from other projects to the state budget of Ukraine. We have already endorsed the necessary documents within the Government”, stressed the Prime Minister.
Denys Shmyhal also accentuated that the Ministry of Finance had already issued and held an auction of first military government bonds. The second auction is soon to be conducted.
“Anyone who is willing to invest in Ukraine, our military, our doctors, critical infrastructure workers can do so by purchasing military government bonds,” the Head of Government added. (Government portal/Business World Magazine)
