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  • Denys Shmyhal: During the coronavirus crisis, the Government has preserved the foundation for the recovery and development
    Communications Department of the Secretariat of the CMU, posted 10 June 2020 14:06

    In the first three months in office, despite the challenges posed by the coronavirus epidemic, the Government has managed to save lives and the foundation for the country's economic recovery.

    This was announced by the Prime Minister of Ukraine Denys Shmyhal on Wednesday, June 10, on opening a sitting of the Government.

    The PM stressed that day marked 99 days since the Government had assumed offices in the Cabinet of Ministers. "These three months have been really hard for the country. We have faced a challenge that the world has never experienced before: we had to withstand the spread of the pandemic and simultaneously bail out the country facing economic crisis that had affected the entire world. The first and topmost measure we introduced was to ensure timely quarantine restrictions and support people. The second was to create favorable conditions for economic recovery. A number of initiatives have been adopted for business and people to mitigate the burden of the crisis. We have preserved the foundation for recovery and development, we have saved people's lives," emphasized Denys Shmyhal.

    Moreover, the Prime Minister reminded that last night Ukraine had received positive news from Washington. This was the signing and approval of a new Memorandum with the International Monetary Fund. "This is a joint and critical achievement of President Volodymyr Zelenskyy, the Government, the National Bank and the Verkhovna Rada. Together with the new team of the Ministry of Finance and the Ministry of Economy (Ministry of Economic Development, Trade and Agriculture – ed.), we have adjusted the key details of the program.  I express gratitude to all the stakeholders for the great job," accentuated the Head of the Government.

    Denys Shmyhal announced that in the coming days Ukraine US$ 2.1 billion. "It's even a little more than we had expected," he said.

    As for the content of the Memorandum, Denys Shmyhal noted that its structural beacons meet the country's development priorities and "any responsible Government would take these measures even without the memorandum."

    Besides, the Prime Minister stated that the Government had entered the final stage of signing an agreement with RES investors. "The Memorandum with investors in green energy sector, as well as providing Energoatom with the opportunity to conclude bilateral agreements with industry - are those two very important steps aimed to stabilize the energy situation. This Memorandum will provide annual savings for Ukraine starting this year - UAH 6 billion. And over the period by 2030 - more than EUR 2 billion in savings," summed up Denys Shmyhal.

    Denys Shmyhal: During the coronavirus crisis, the Government has preserved the foundation for the recovery and development