OREANDA-NEWS. March 21, 2013.  Primary selection of investment projects given under the state guarantees in the frames of the program of activizaation of the economic development will be carried out by the commercial banks. This was informed by the First Vice Prime Minister of Ukraine Serhiy Arbuzov during a briefing.

“With regards to 50 billion of Governmental guarantees. The selection of projects that are to be financed will be held by the commercial banks. These are institutions working with risks and they are capable to maintain preliminary analysis,” Serhiy Arbuzov explained. 

According to him, in the aftermath these projects will be directed to the Cabinet of Ministers and it is just the Government that will take decisions about providing the state guarantees.

Serhiy Arbuzov promised that the program of giving guarantees would be transparent. 

“The blueprint is rather transparent, it will kick off from the banks and will end in the banking system,” he stressed.