World Bank, Germany will help Ukraine to transform its coal industry

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Photo/Reuters

Prime Minister Denys Shmygal during a meeting of the Verkhovna Rada Committee on Energy, Housing and Utilities said that The World Bank and Germany will provide Ukraine with expert and financial assistance in the implementation of the project for the fair transformation of coal regions, Interfax-Ukraine reports.

“There are agreements with the World Bank regarding the promotion of the project. A virtual meeting with Mrs. Merkel [German Chancellor – ed.]. She promised that Germany is ready to contribute and help us do, for example, a pilot project. We will implement these projects with the support of experienced international experts who have already gone this way,” the head of government said.

To Shmygal, it is about the development of mines, the maintenance of social infrastructure, the right approach to the conservation of mines that have completely exhausted their resources.

“This project is critically important for Ukraine, where a part of the state mines are already approaching the end of their operational life. We need to take care of where the children of miners will work and how the social sphere will work,” the prime minister emphasized, adding that the coal industry transformation project is “already in operation” and is a long-term one.

Read also: Public investment should be a catalyst for Ukraine’s economic growth – PM Shmygal.

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