The Committee on Finance and Banking recommends that the Parliament should adopt in the second reading and in entirety the draft law “On amendments to the Law of Ukraine “On Securities and Stock Market” (re bond issue of international financial organizations)

Information Department of the Verkhovna Rada of Ukraine Secretariat
29 April 2013, 14:50

The bill (Reg. No. 0964) suggests granting international financial organizations the right to issue in Ukraine their own bonds denominated in hryvnias.

During preparation of the bill for the second reading, 14 suggestions from the subjects of legislative initiative were received, of which 13 were included.

It was noted that implementation of bill provisions will provide for the possibility of such international financial organizations as the European Bank for Reconstruction and Development, International Monetary Fund and others to issue bonds denominated in local currency and direct the attracted funds for crediting/investing of real sector of Ukraine’s economy.