The Funds team continues to work on improving the regulatory framework

For the second time, the Fund's team headed by Vitaliy Koval met with Oleksiy Movchan and the top management of Prozorro.Sale.

During the meeting, they discussed several key issues:

• Mechanisms for improving the processes of privatization and lease of state property;
• Procedures for holding small and large-scale privatization auctions;
• Improving mechanisms for dealing with trade union property;
• Ways to improve the instruments of control over state-owned facilities.

In particular, they discussed the existing legislative initiatives of the partners. The Fund offered its proposals as a body implementing state policy.

Vitaliy Koval emphasized: "It is important to clarify the issues and understand the ultimate goal. It is necessary to look for shortcomings and eliminate them comprehensively in a regulatory and legal manner."

The Chairman of the SPFU also emphasized the sometimes excessive accumulation of debts by enterprises and called for jointly developing mechanisms and procedures for verifying creditors. It is important to clear enterprises of doubtful debts.

As a result, the parties agreed to hold additional meetings to work out a common position to develop new, relevant regulations that would be supported by the Verkhovna Rada.