Attraction of external investments in energy saving

In today’s context there is a lack of local government self-government resources, in particular for infrastructure development projects. In view of this, the role of external borrowing from international financial institutions (IFIs) and foreign state financial institutions substantially increases. They have the opportunity and desire to finance local development projects and are a reliable source for the development of local infrastructure. Unlike Ukrainian lending banks, the cost of borrowing from such lenders is significantly lower, and the timing is longer. As a result, borrowing from the IFIs and foreign state financial institutions in modern terms is a real source of financing for urban infrastructure development projects.
In accordance with the second paragraph of Article 16 of the Budget Code, local external loans can be made by all city councils by obtaining loans (loans) from international financial organizations.