KYIV, Sept 24 – The European Commission plans to begin selecting applications from international financial institutions (IFIs) with projects aimed at financing Ukrainian businesses under the second phase of the investment component of the Ukraine Facility (UIF) by the end of September.

According to the Ukrainian Ministry of Economy's website on Tuesday, this was discussed during the second meeting of the Steering Board for the implementation of the investment component of the EU's Ukraine Facility (Ukraine Investment Framework, UIF) on September 20 in Brussels, chaired by the European Commission. Representatives from the Ministry of Economy, Verkhovna Rada, European Parliament, EU member states, EIB, and EBRD also participated.