The entire international financial community must unite to cover Ukraine's deficit
Today there is an awareness that the entire international financial community must unite to cover this deficit of Ukraine, said in an interview with ZN.UA Deputy Prime Minister for European Integration Olga Stefanishina.
She added that the Trust Fund for Solidarity with Ukraine will not become a pure process of voluntary contributions from countries.
“At the end of May, the European Commission will present its concept of this trust fund, which we are working on together. Currently, the vision is that the work of the fund will consist of three elements. The first is to cover the current liquidity shortage. The second is to support the ongoing recovery in the territories controlled by Ukraine. The third element is Marshall's big plan for Ukraine, “Stefanishina said.
The Deputy Prime Minister stressed that the President of Ukraine addressed all leaders and international organizations, including the European Commission, to help the EU, as Ukraine's trusted financial partner, coordinate this process.
“We also look forward to the patronage of EU member states over the restoration of certain regions. Prior to that, our government will formulate its own recovery plans on a regional basis. We are synchronizing Ukraine's plans and the EU concept and will start implementing it, “she added.
Stefanishina says he cannot reveal all the details, but the government sees that “this fund will centrally raise funds and distribute them both directly to Ukraine and to individual EU member states, which will finance reconstruction in our country.”
“It will be a rather complex mechanism, but it will be a separate EU financial program, coordinated with the financial programs of all other financial institutions. IMF, – she said.
Read more in an interview with Vladimir Kravchenko with Deputy Prime Minister Olga Stefanishina about Ukraine's chances to get EU candidate status in June and EU assistance in rebuilding the country “Decision to grant Ukraine candidate status is the EU's best investment in regional stability » .
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