Donetsk region governor: Trust fund for Donbas restoration to be launched in June

Donetsk region governor: Trust fund for Donbas restoration to be launched in June

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Ukrinform
A memorandum on creating a special trust fund for restoration of eastern Ukraine is expected to be signed in June.

This was announced by Pavlo Zhebrivsky, the Chairman of the Donetsk Regional Military-Civil State Administration, an Ukrinform correspondent reports.

"I think it will be created in June and the funds for restoration of the infrastructure will be transferred by the year-end," Zhebrivsky said.

Earlier, the Chairman of the Donetsk Regional Military-Civil State Administration said in a commentary to an Ukrinform correspondent that the trust fund for restoration of eastern Ukraine will have a separate "window" for Donbas and "financial resources will go directly to the region through the UNDP."

Zhebrivsky hopes that the fund will have approximately USD 10 billion by 2017, mainly in loans and donor funds from the international financial institutions. According to him, in this case, the funds could be spent not only on restoration of the infrastructure, but on economy development as well, in particular, on creation of industrial parks.

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