The Ministry of Economy, the American International Development Finance Corporation (DFC), and Citibank signed a memorandum on the development of the mortgage lending market in Ukraine. The Minister of Economy of Ukraine, Yuliya Svyrydenko, expects that in the future this will enable more Ukrainians to purchase housing. The parties agreed on consultations to assess potential opportunities for co-financing, credit support, and joint work to find financing opportunities for the Ukrainian mortgage market.
The Ministry of Economy believes that the concluded agreement will create conditions suitable for attracting guarantees and will be a long-term financial resource capable of financing the housing sector through mortgage programs, particularly eOselya.
According to the head of the Ukrainian government, Denys Shmyhal, Ukraine signed an agreement with its partners at the Berlin conference to restore destroyed housing worth almost €260M.