The NBU proposed to spend funds from government bonds for the restructuring of the economy

 В НБУ предложили тратить средства от ОВГЗ на структурную перестройку экономики

The NBU Council has proposed to reorient the proceeds of issue of bonds of internal state loan (government bonds) to invest in high technology and export sectors of the economy. This is stated in the decision of the NBU Council dated October 30, 2018.

It in particular proposes to create conditions for sustainable economic growth, develop a program for implementation of issues targeted bonds, the proceeds of issue of which are aimed to support projects of development and modernization of economy of Ukraine (in particular, high-tech industries), export promotion and import substitution. Along with this, it is proposed to simplify the access of the population to invest in government bonds and to carry out the work on popularization of this instrument for attraction of money of citizens in order to “ensure that structural adjustment of the economy.”

Also, the NBU Council recommends that you consider making such changes to the law of Ukraine “On public procurement”, which will contribute to the reduction of import component in public procurement by preference to goods produced in Ukraine.

We will remind, earlier the Ministry of Finance increased rate dollar bonds.