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 Cabinet approves draft agreement for €100 million aid from Poland

Cabinet of Ministers has approved signing of an agreement with the Polish government for a tied aid loan by Poland.

This is reported by Censor.NET citing government portal.

Read more: World Bank provides $500 million loan to boost Ukraine's reforms

According to government decree No. 855-p of Aug. 19, 2015, the Ukrainian Finance Minister Natalie Jaresko is authorized to sign the agreement. "The agreement will allow attracting to the state budget of Ukraine a soft loan of 100 million euros intended for various investment projects inside the country. It also allows Ukrainian government to receive loans to fund cross-border road infrastructure projects and arrangement of border crossing points at the Ukrainian-Polish border, as well as other projects to be agreed upon by the parties and financed under separate contracts between Polish exporters and residents of Ukraine," the report reads.

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As reported before, in January 2015, referring to the Prime Minister Arsenii Yatseniuk, Poland's government announced a loan program for Ukraine in the amount of 100 million euros for a 10-year period. In April, Yatseniuk informed that Ukraine and Poland had reached an agreement to spend half of the loan on construction of roads leading to checkpoints at the Ukrainian-Polish border.
 
 
 
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