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Ukrainian Ministry of Economic Development prepared 2 draft Laws to improve State investment management efficiency
13.06.2014 10:51 "Agro Perspectiva" (Kyiv) —
As to Government Portal, the Ukrainian Ministry of Economic Development and Trade has prepared and brought to discussion the Ukrainian draft Laws «On Bringing Amendments to the Budget Code of Ukraine (concerning State investments)» and "On bringing Amendments to the Law of Ukraine «On Investment Activity».
Both draft Laws have been elaborated with the assistance of the World Bank in the frameworks of the technical assistance «Development of the system of assessment and selection of the State investment projects».
Elaborated by the Ministry, the draft Laws are targeted at improving of the management of the State investments by ensuring of a transparent process of formation and use of the State budget funds aimed at the implementation of large investment projects (UAH100 million and up, with a gradual decline of the threshold value).
Besides, the draft Laws are also aimed at the decentralization of the Ukrainian investment management system. So, the Ukrainian local authorities will have power on decision-making in investment activity using local budgets.
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