Ukraine's finance ministry and Switzerland's State Secretariat for Economic Affairs (SECO) have signed a memorandum of understanding to launch the Fiscal Governance for Local Reconstruction and Recovery (FG4R) project.
The four-year initiative aims to strengthen public financial management at national and local levels to support Ukraine's reconstruction, Ukraine's finance ministry said in a press release on Wednesday.
Switzerland will contribute nearly CHF 7.4 million to the project, which runs until October 2029 and will focus on improving budgeting, revenue management, internal controls, and transparency in local governments.
The project will be implemented by international consultancy Cowater International in partnership with Ukraine's finance ministry, local communities, and international experts.
