Ukraine's National Bank to create strategic investment projects fund
2012-02-17
The National Bank of Ukraine (NBU) intends to establish a development fund that will help to implement the most important national projects within backbone industries, according to
UNIAN.
The fund will finance vital agricultural, construction, telecommunication, and social projects. Private banks, foreign funds, and other organisations will act as portfolio investors.
It is expected that the fund will be mainly financed from money received from issuing licences to extract gold. It will attract investment through NBU guaranteed securities that will be in free public circulation.