Govt authorizes finance minister to sign framework agreements with state banks

This was reported by the press service of the Ukrainian Finance Ministry.

The Cabinet of Ministers will sign framework agreements on interaction with state-owned banks. On the part of the Cabinet of Ministers, the agreements will be signed by Finance Minister Serhiy Marchenko and Economy, Trade and Agriculture Development Minister Ihor Petrashko. The corresponding decision was made at a government meeting on August 26, 2020.

In Ukraine, framework agreements on interaction between the government and state-owned objects are concluded for the first time. The key goal of framework agreements with state-owned banks is to resolve issues of interaction between the Cabinet of Ministers, the Ministry of Finance and state banks on the basis of transparency and accountability in accordance with the current legislation of Ukraine and Ukraine's obligations to international partners and creditors in terms of implementing financial policy.

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