The Committee on Finance and Banking recommends that the Parliament should adopt as a basis the draft law on the Ukraine State Development Bank

Information Department of the Verkhovna Rada of Ukraine Secretariat
06 November 2013, 16:30

The bill (Reg. No. 3445) was elaborated in order to stimulate and support development of top priority spheres of economy, investment and innovational projects; involve long-term foreign investment into the state economy; develop cooperation with international financial organizations and development institutes of other countries; promote structural changes in economy and develop banking system. 

Particularly, the bill stipulates that the Development Bank will be established on the basis of the Joint Stock Company “Ukrainian Bank for Reconstruction and Development”

The bill determines main tasks, funding sources and restrictions on bank activities, as well as general principles of formation of bank management bodies and their powers.