Finance Minister: State budget envisages UAH 4.4 bln to support lending within land reform

Finance Minister: State budget envisages UAH 4.4 bln to support lending within land reform

Ukrinform
The government has envisaged UAH 4.4 billion in the draft state budget to support lending within the land reform, which will allow banks to be more actively involved in the land acquisition process, as it will reduce lending risks.

Finance Minister Oksana Markarova wrote about it on her Facebook page.

"We have projected UAH 4.4 billion in the budget to support lending as part of the land reform. The Finance Ministry and the Economic Development Ministry together with international partners are developing another tool - a partial loan guarantee fund. This means that the budget will have funds for partial guarantee of the body of the loan, which will allow banks to be more actively involved in the land acquisition process due to a reduction in lending risks for banks,” she wrote.

A reminder that the Verkhovna Rada today is considering bills on the turnover of farming land.

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