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The Cabinet of Ministers created the Strategic Investment Council

Photo: Press service of the Cabinet of Ministers

The Strategic Investment Council will play an important role in determining priorities for investment from government resources and international partners.

The Cabinet of Ministers created a Strategic Investment Council to formulate priorities for public investment. The Ministry of Finance announced this on Tuesday, May 14.

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“Today the government adopted a resolution on the formation of the Strategic Investment Council, developed in accordance with the Government-approved Roadmap for Reforming Public Investment Management,” the statement said.

The Strategic Investment Council, chaired by the Prime Minister, will play an important role in setting priorities for public investment, both from the government’s own resources and from international partners.

In particular, the Council will approve the medium-term plan of public investment priorities, which will be prepared in conjunction with the Budget Declaration, and a single portfolio of public investment projects that have undergone preliminary assessment and prioritization, and will also monitor the their implementation. .

“It is important to clearly see how much, where and why the state invests and what results it expects. Therefore, we are creating a Strategic Investment Council, an advisory body under the government,” said Prime Minister Denis Shmyhal at a meeting of. the Cabinet of Ministers.

According to him, the head of the Cabinet of Ministers, the work of the Council is to develop a unified project portfolio of public investments, improve their effectiveness, and develop proposals for improving the law.

Earlier on Tuesday it became known that the EU finally approved the Ukraine Plan for the implementation of the Ukraine Facility program in the amount of 50 billion euros.

Effective use of the Ukrainian Investment Framework Instrument will allow attracting an additional 40 billion euros of investment to the Ukrainian economy over the next few years.

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Source: korrespondent

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