Rada approved the work policies, the committees were formed, and the authority also gave the bank accounts to open funds and the selection of an administrator and investment advisor.
Prime Minister Yulia Sviridenko announced on September 3 the first meeting of the leading US-Ukrainian investment fund for the restoration.
“We continue to work closely with American colleagues at all levels. Today we held the first meeting of the leading council of investment funds for restoration. It was a major body of management, which included three representatives from Ukraine and the United States,” the government chief said.
The American side has appointed finance minister Scott Immort, the chief investment director of DFC Connor Coleman, Vice President and DFC General Council Robert Stebbins.
As Sviridenko explained, the council approved the work policies, the committees were formed, and the authority also gave the bank accounts to open funds and the selection of an administrator and investment advisor.
The next step is to determine the projects for the pilot’s first investment.
“In September, we will discuss the issue with colleagues from DFC during their visit to KYIV. As we have repeatedly mentioned, American investments can be a guarantee of security for both Ukraine and American Business in Ukraine,” the prime minister added.
It should be noted that in May Sviridenko it said that Ukraine completed all the necessary procedures to launch an integrated investment recovery fund and move the United States a diplomatic note confirming it.
Remember that on the night of May 1, the Ukraine and the United States signed an agreement on creating a combined investment fund of restoring with equal participation of both parties. The fund was created in conditions of consistency – 50% of participation on both sides and with equal voting rights. Ukraine maintains complete subsoil control, infrastructure and natural resources. The agreement does not provide for any debt obligations – it is exclusively about investments, not loans.
The United States explained that it would give Ukraine a subsoil agreement
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.