The Ukrainian Ministry of Economy, Environment, and Agriculture is preparing to launch an expanded compensation model for its state mortgage program, eOselia. This initiative aims to provide additional support to homeowners while promoting affordable housing development across the country. The World Bank has expressed its willingness to provide $20,000,000 in co-financing at the first stage, according to Deputy Minister Andriy Teliupa. This funding will be used to support the program’s expansion efforts, helping to ensure that more citizens can access mortgage assistance and contribute to the country’s economic recovery.
Deputy Minister Andriy Teliupa highlighted that the co-financing from the World Bank is a significant step forward for the eOselia program. He emphasized that the additional financial support will enable the ministry to implement new measures that improve the program’s efficiency and expand its reach to more households. The ministry’s goal is to create a sustainable and equitable mortgage assistance system that aligns with Ukraine’s broader economic goals and recovery strategies.
The eOselia program has already played a crucial role in supporting homeowners by offering subsidized mortgages and other financial assistance initiatives. With the World Bank’s support, the program is expected to reach more individuals and families in need across Ukraine. This partnership underscores the importance of international financial cooperation in addressing domestic economic challenges and promoting long-term growth and stability.