Ukrainian President announces launch of Donbas reconstruction Fund with support of World Bank
Ukrainian President Volodymyr Zelensky announced that Ukraine, with the support of the World Bank, is launching an International Partnership Support Fund for the reconstruction and future reintegration of the Donbas.
Zelensky spoke about the Donbas International Partnership Support Fund at the first investment forum on the restoration of the Donbas in Mariupol, where 12 memorandums were signed, and hundreds of prospective projects were presented to investors.
"Together with the World Bank, we are launchingthe International Partnership Support Fund for the reconstruction and future reintegration of the Donbas. We are inviting everyone to become investors of this Fund," said Zelensky, as quoted by LB.ua news outlet.
The head of the regional state administration of Luhansk Sergei Gaidai said that the next investment forum should be held in the Luhansk region.
According to the estimates of the Ukrainian President's office, the restoration of the Donbas territories controlled by Ukraine will cost at least 372 million euros.