People Are Ready to Allocate Their Funds to Transparent Financial Savings Instruments — Denys Uliutin

This was emphasized by Denys Uliutin, Minister of Social Policy, Family and Unity of Ukraine, during the Kyiv International Economic Forum held today, October 16.

The Forum was attended by representatives of the Government, business, international organizations, and the expert community to discuss strategic directions for the development of Ukraine`s economy.

“Individuals are ready to allocate their funds to transparent financial savings instruments — the key factor is trust,” said the Minister of Social Policy, Family and Unity of Ukraine.

He noted that the financial system of Ukraine has demonstrated resilience even in challenging times, and that the current task is to move from the stage of survival to the stage of development through investment.

In particular, he emphasized the importance of creating clear, transparent, and secure financial instruments for placing pension savings, as well as engaging international partners and professional asset managers in their development.

The success of any pension model depends not on the fact of saving but the instruments into which those savings are directed.

“Therefore, the involvement of foreign asset managers and the development of new financial instruments — social, infrastructure, or other — are extremely important for sustainable economic development,” noted Denys Uliutin.

As part of the discussion, the Minister underlined that the Ministry of Social Policy will actively contribute to forming financial resources for the recovery, modernization, and development of the economy, while ensuring the protection of citizens’ interests — the future recipients of pension benefits.

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