During the seventh meeting of the Strategic Investment Council, the Cabinet of Ministers approved sectoral portfolios with priority projects for investment.
Prime Minister Denys Shmyhal announced this in Telegram, Ukrinform reports.
“We held the seventh meeting of the Strategic Investment Council. We approved sectoral portfolios with priority projects. These will be projects for which we must show specific results this year,” he said.
Shmigal also noted the importance of effectively distributing available resources and setting clear priorities. According to him, the government has already identified key sectors for the near future. This includes the social sphere (housing, education, healthcare and social protection), infrastructure (energy, transport and water supply), as well as cross-cutting areas, which include humanitarian demining and the development of a system of safe shelters.
“The public investment reform is not something temporary or something for this year. Each ministry must learn to work within the framework of the reform. This is important, first of all, for the people, for their safety and well-being, as well as for coordination with donors, because it allows us to attract the necessary funding,” he added.
As reported by Ukrinform, according to a new World Bank report on damage and needs assessment, $524 billion is needed to restore Ukraine over the next decade, which is $38 billion more than previous estimates.