Zelenskyy discusses mortgage lending strategy with World Bank president

President of Ukraine Volodymyr Zelenskyy has discussed the resumption of mortgage lending at a meeting with Ajay Banga, President of the World Bank.

Source: Office of the President of Ukraine; Zelenskyy on Telegram

Details: The World Bank will prepare proposals for creating market mechanisms for attracting funds from commercial banks in the mortgage market and tools for reducing risks in order to lower mortgage loan rates.

Zelenskyy thanked the World Bank for the significant support provided by the World Bank to Ukraine since the beginning of Russia's full-scale aggression, the mobilisation of international financial aid to Ukraine and active support in working with international donors.

Ajay Banga confirmed the readiness of the World Bank to steadily continue providing financial support and the best international experience to help restore Ukraine's economy.

Volodymyr Zelenskyy expressed interest in intensifying cooperation with the World Bank regarding Ukraine’s transformation.

The parties discussed ways to strengthen the stability of the Ukrainian financial system in times of war and paid attention to the issue of increasing the specific share of the cashless economy in the economic system of Ukraine.

Volodymyr Zelenskyy and Ajay Banga also exchanged views on the mechanisms for using frozen Russian assets for Ukraine’s benefit.

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