30 September 2008, 14:10
Mykola Tomenko: The principle of co-financing of social projects is the most suitable for restoration of humanitarian sector in Ukraine.
"Ukrainian Fund of Social Investments is one of the most successful projects that made it possible to reach consensus between totally different, sometimes even conflicting institutions and territorial community, local authorities, Ukrainian government and western investors", - stated Mykola Tomenko, Vice-Chairman of The Verkhovna Rada of Ukraine, Head of the Supervisory Board of the Ukrainian Fund of Social Investments at the press conference held in UNIAN.
As it is generally known, the Fund of Social Investments is a common project of Ukrainian government and the World Bank which is one of the largest in the social sector of Ukraine by the directions of activity and financing rate. Total investments into the social sector made up more than 70 million USD (during 2002-2008).
According to Mykola Tomenko, infrastructure projects that aimed at enhancement of quality of social and utility services in the villages and small towns (with population under 50 thousand people) were the most useful for Ukraine.
He also believes that the formula for financing the Projects suggested by the Ukrainian Fund of Social Investments is also effective. Thus, 90% of cost of every project is covered by the Fund, and at least 10% is paid by the territorial community. "Moreover, it was a community that had to define the list of social issues liable to immediate settlement. The list had to be coordinated with the Fund", - stated Mykola Tomenko.
He emphasized that he was satisfied with cooperation with the Fund within the scope of the said Project. Therefore, he believes that the Ukrainian Fund of Social Investments is one of the most successful projects as regards social investment and realization of potential of our society through a local community.