Politics 2021-11-15T07:50:59+02:00
Ukrainian news
Ukraine To Agree Cooperation With UN, IBRD On Creation Of Multi-Partner Fund For Restoration Of Eastern Ukrain

Ukraine To Agree Cooperation With UN, IBRD On Creation Of Multi-Partner Fund For Restoration Of Eastern Ukraine

Donbas, Ukraine, UN, United Nations, Cabinet, Cabinet of Ministers, cooperation, memorandum, east, IBRD

Ukraine intends to sign a memorandum of understanding on cooperation between the Cabinet of Ministers, the United Nations, and the International Bank for Reconstruction and Development (IBRD) on establishment of a multi-partner special fund for rehabilitation and development of the eastern regions of Ukraine.

This is stated in the Cabinet of Ministers directive No. 689 of September 22, Ukrainian News reports.

In particular, this document approved the draft memorandum and authorized Minister for the Temporarily Occupied Territories and Internally Displaced Persons Vadym Chernysh to sign it.

According to the information accompanying the document, this multi-trust fund will be a mechanism for co-financing projects related to rehabilitation of the areas affected by the armed conflict in eastern Ukraine, as well as assistance and protection of internally displaced persons.

The signing of the memorandum will allow attraction of funds from international donors for financing implementation of projects aimed at overcoming the socio-economic tensions caused in regions of Ukraine by the movement of a significant number of people from the eastern regions of the country.

In addition, such funds are expected to be spent on rehabilitation of the areas affected by the armed conflict, social protection of migrants, creation of conditions for voluntary return of such persons to their abandoned residences (reintegration), or their integration in their new places of residence in Ukraine.

As Ukrainian News earlier reported, the Cabinet of Ministers has established a council on restoration of peace and development.

The Cabinet of Ministers has approved the concept for a dedicated state program for restoration of peace and development in the eastern regions of Ukraine.


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