Analysis of the draft law:
Analysis of the draft law
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Analysis of the explanatory note:
Analysis of the draft Law of Ukraine “On Ratification of the Financial Agreement “Ukraine Recovery Programme II” Tranche B between Ukraine and the European Investment Bank”
Essence of the draft law
The draft law proposes to ratify the Financial Agreement between Ukraine and the European Investment Bank (EIB) regarding the attraction of tranche “B” in the amount of EUR 100 million within the framework of the “Ukraine Recovery Programme II”. These funds are intended to finance projects for the restoration of critical and social infrastructure in Ukraine.
Reasons for and necessity of adopting the draft law (according to the explanatory note)
According to the authors of the explanatory note, the ratification of the Financial Agreement is necessary for the implementation of domestic procedures, which will allow the agreement to enter into force. This will allow Ukraine to attract additional funds from the EIB for the restoration of infrastructure affected by crisis phenomena, as well as to support regions with a large number of internally displaced persons.
Main consequences of the draft law
The implementation of this law may have the following consequences:
- For legislators and experts: Ratification of the agreement demonstrates international support for Ukraine and contributes to attracting additional financial resources for economic and infrastructure recovery. This is important for further cooperation with the EIB and other international financial organizations.
- For business: Attracting funds for infrastructure restoration creates opportunities for construction companies, equipment suppliers, and other enterprises that can participate in the implementation of relevant projects.
- For citizens: The restoration of critical and social infrastructure, such as hospitals, schools, and transport networks, will improve the quality of life of the population, especially in the regions most affected. It will also contribute to the integration of internally displaced persons.
In general, the ratification of the Financial Agreement is an important step in attracting additional resources for the restoration of Ukraine and supporting its economic development.
Analysis of other documents:
Analysis of the Explanatory Note
1. Position of the author of the document: From the explanatory note, it can be concluded that the author(s) fully support the adoption of the draft law. The note substantiates the necessity of its adoption, describes the goals and objectives, as well as the expected results.
2. Main provisions of the document:
- Necessity of adopting the act:
- The need to ensure the recovery of Ukraine, in particular the critical and social infrastructure affected by the aggression of the Russian Federation.
- Attracting financial resources for the implementation of recovery projects.
- Purpose and objectives of adopting the act:
- Ensuring the implementation of the Financial Agreement between Ukraine and the EIB regarding the financing of recovery projects.
- Creating conditions for the effective use of EIB credit funds.
- Creating a legislative basis for the implementation of investment projects in the field of infrastructure restoration.
- Main provisions of the act:
- Ratification of the Financial Agreement (Project “Recovery of Ukraine”) between Ukraine and the European Investment Bank.
- Determining the main conditions and directions for the use of credit funds.
- Regulating issues related to the fulfillment of Ukraine’s obligations under the Financial Agreement.
- Place of the act in the system of legislation:
- After ratification, the law will become part of the national legislation of Ukraine.
- It is consistent with other normative legal acts of Ukraine in the field of international treaties, budget legislation, and investment activities.
- Expected results:
- Attracting investments in the economy of Ukraine for the implementation of recovery projects.
- Restoration of critical and social infrastructure affected by the aggression of the Russian Federation.
- Improving the living standards of the population by providing quality services and creating new jobs.
- Financial and economic justification:
- The project will be implemented at the expense of EIB credit funds and co-financing from the state budget of Ukraine.
- A positive economic effect is expected from the implementation of investment projects in the field of infrastructure restoration.
- Position of interested parties:
- The Government of Ukraine supports the adoption of the act.
- The European Investment Bank is an interested party in the implementation of the Financial Agreement.
- Impact forecast:
- A positive impact on the economic and social development of Ukraine is expected.
- The implementation of investment projects will contribute to the creation of new jobs, raising the living standards of the population and improving the quality of services.
