Money makes money. What program, the United States will allocate Ukraine $ 23 million
United States ahead of the U.S. Agency for international development USAID to Ukraine concerning the reform of the financial sector and increasing financial literacy of Ukrainians. It will send 23 million dollars.
The program lasts for four years, reports “Voice of America”.
“The economy depends on the financial sector as, say, the human body from the circulatory system. It is the capital – the Foundation of economic growth. Ukraine’s banking system need to upgrade, but more importantly to develop non-Bank financial system. The insurance market, the stock market – these institutions can provide the business a much cheaper financial resources. Now the Ukrainian economy does not have them,” – said the head of the project “Transformation of the financial sector,” Robert bond.
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The President of the American chamber of Commerce in Ukraine, Andriy Hunder is convinced that the development of the financial system will help businesses become more transparent due to, first of all, cashless transactions.
“This is, first, the taxes are paid. This is a real opportunity to grow the economy,” said gunder.
Now, the main focus of the project is adult. But children and teenagers are not left without attention.
“Previous USAID began a program of financial literacy for high school students. And today it is being implemented in schools as an optional subject. And the Ministry of education intends to make it a compulsory subject. That is one small project, as our previous Agency was able to make such a big initiative in the entire country,” – said the expert of the project “Transformation of the financial sector” Julia Loop.
Earlier it was reported that the US government will also provide $ 54 million for the development of Ukrainian economy and democracy.