You're reading: International donor organizations mulling allocation of funds to Ukraine for reforms

International donor organizations are mulling the possibility of providing financial assistance to Ukraine to prepare required reforms, Deputy Head of the Presidential Administration of Ukraine Dmitry Shymkiv said at a briefing in Kyiv on Monday, July 28.

“Donor organizations are discussing [the issue of the allocation of
funds], and they are ready to provide funds on the creation of such an
organization [as the National Council of Reforms] in the shortest term.
They will be founders, and the state will not be a founder,” he said.

Shymkiv said that donor organizations are to control the process of
financing the design of reforms and the system for controlling their
implementation.

“The main idea is the creation of an agency financed by donors.
Donors will finance working groups without the involvement of the state.
This is an advantage, as donors are able to use their own funds
properly and control them,” he said.

Thus, the funds for the designing of reforms will be raised, but they
will not be raised directly to the state structures, he said.

Commenting on donor organizations, Shymkiv said that these could be
international funds such as the International Renaissance Foundation,
the Soros Foundation, USAID, EU funds and some others.

Shymkiv said that according to a presidential decree, the executive
committee is to be formed in next two weeks and other structures of the
National Council of Reforms will be created within one month.

He also noted that over three months a strategy for the stable
development of the country until 2020 with concrete indicators and
directions of reforms has to be drawn up.