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In a collective endeavor to foster Ukraine’s mortgage lending sphere, the Ministry of Economy of Ukraine, the American International Development Finance Corporation (DFC), and Citibank have signed a memorandum aimed at uplifting the mortgage market in Ukraine. The Ukrainian Economy Minister, Yuliya Svyridenko, looks forward to this development, helping a larger segment of the Ukrainian population in owning homes. The memorandum encompasses an understanding to seek consultation for assessing co-financing prospects, provision of credit support, and exploring different financing solutions for Ukrainian mortgage markets. Through this agreement, the Ministry of Economy anticipates facilitating attractive guarantee offers and securing a sustainable financial framework to support housing via mortgage programs like eOselya. Echoing this sentiment is the Prime Minister of Ukraine, Denys Shmyhal, who mentioned that Ukraine has inked an agreement with international partners during the Berlin conference, aimed at rehabilitating housing arenas devastated, close to a value of €260M.
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FAQ
What is the objective of the memorandum signed between the Ministry of Economy of Ukraine, DFC, and Citibank?
The memorandum aims to develop the mortgage lending market in Ukraine, thereby enabling more Ukrainians to access and afford housing.
What are the key areas of focus outlined in the memorandum?
The parties have agreed to engage in consultations to assess opportunities for co-financing, credit support, and collaboration in identifying financing options for the Ukrainian mortgage market.
What will be the role of the eOselya program in this initiative?
eOselya will be one of the mortgage programs potentially financed through the envisioned housing sector framework established by this agreement.
What outcomes does the Ukrainian government expect from this agreement with DFC and Citibank?
The government expects to attract guarantees and create a sustainable financial resource for the housing sector, particularly through mortgage financing.
What was the significance of the agreement signed at the Berlin conference?
The agreement signed at the Berlin conference is focused on restoring housing destroyed in Ukraine, with a fund close to €260 million procured through international partnerships.
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