(as it relates to Ukraine’s international financial obligations)
1. Essence of the Act:
The Order authorizes the Minister of Finance of Ukraine, Serhii Marchenko, to sign documents regarding Ukraine’s purchase of additional shares of the International Finance Corporation (IFC). This is carried out in accordance with two IFC Board of Governors resolutions from 2020 on increasing the authorized capital.
2. Structure:
The document has a simple order format consisting of a single point in the operative part. It is based on two IFC resolutions: No. 271 “Selective Capital Increase 2018” and No. 272 “General Capital Increase 2018”.
3. Key Provisions:
– Granting specific powers to the Minister of Finance to sign the Subscription Instrument
– Determining the method of share payment – in monetary funds
– Implementing Ukraine’s international obligations as an IFC member regarding participation in the organization’s capital increase
– The document is part of the procedure for increasing Ukraine’s participation in IFC capital, which may expand opportunities for obtaining financing from this organization
