The Government of Ukraine and the World Bank have signed a Memorandum of Understanding. According to the Agreement, the World Bank will support the public and private sectors in improving the housing market in Ukraine.

On 7 June, the Memorandum was signed by Prime Minister of Ukraine Denys Shmyhal, World Bank Vice President Antonella Bassani and International Finance Corporation Regional Vice President Alfonso Garcia Mora. The ceremony was held with the online participation of the World Bank's Managing Director of Operations, Anna Bjerde.

"Our task is not only to restore damaged and destroyed housing. It is also to modernise the overall housing policy in line with EU standards. The World Bank will provide support in simplifying regulations for the start of new construction and in improving the protection of citizens who buy real estate," said Denys Shmyhal.
According to the Prime Minister, the Government of Ukraine and the World Bank will also cooperate to create incentives for private banks to provide affordable loans to Ukrainian families, so that more and more families can buy their dream home.

During the meeting, the parties discussed the situation in the energy sector and assistance in this area. Denys Shmyhal thanked the World Bank Group for implementing joint projects, including PEACE, and for its assistance in developing the Reform Matrix.