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Reserve Interstate Bank offers cooperation to Ukraine’s Cabinet and National Bank

Cooperation is based on the attraction of capital for the creation of objects and enterprises that are strategically important for tax revenues and budgeting at all levels
13:03, 25 November 2019

Reserve Interstate Bank

Reserve Interstate Bank (RIB) has announced its intention to work on the Ukrainian market. RIB President Volodymyr Sypachev sent a corresponding message to President of Ukraine Volodymyr Zelensky, Apostrophe reports.

RMB specializes in technical crediting for stimulating the economic development and attracting of the additional investment. Cooperation is based on the attraction of capital for the creation of objects and enterprises that are strategically important for tax revenues and budgeting at all levels.

Related: World Bank supports Ukraine's plans to open land market

"The bank is hiring facilities for technical crediting, proposed by the government, it is looking for states capable of implementing such a project at a high level, and it is preparing an agreement between the government of Ukraine and the government of the state, which provides technical credit," the letter informs.

RMB also proposes to give credits to Cabinet of Ministers, National Bank of Ukraine, commercial banks, joint ventures, and infrastructure projects.

As we reported earlier, the mission of the International Monetary Fund, had been working in Ukraine from November 14 to 22, announced constructive and fruitful discussions with representatives of the Ukrainian authorities. However, to conclude an agreement on a new program (Staff Level Agreement), it will be necessary to continue discussions in the near future.

Related: Ukrainian government may ban return of banks to their previous owners

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