00:00If millions of Ukrainians make regular pension contributions, this money will accumulate in
00:05funds. The funds, in turn, will look for places to invest it. This capital can be invested in
00:11Ukrainian businesses, government and corporate bonds, and infrastructure. This could become
00:16especially important for post-war reconstruction. Then the money the people save for their own old
00:21age will simultaneously work to develop the economy. For the state, this potentially means
00:27less strain on the budget. For business, a new source of financing. For the financial system,
00:33the emergence of a major domestic investor. For citizens, building their own retirement savings
00:38instead of complete dependence on the state's fiscal capacity. But there is a fundamental
00:43condition here. Pension money must be protected. Pension reform itself will not create a stock
00:49market. First, there must be money that can be invested, and the state must simultaneously
00:54establish rules under which this money can be safely invested.
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