KYIV. Aug 27 (Interfax-Ukraine) – The Cabinet of Ministers of Ukraine has approved the signing of an agreement with the Polish government on the provision of a loan by Poland under tied aid conditions.
According to cabinet resolution No. 855-r of August 19, 2015, Finance Minister Natalie Jaresko has been authorized to sign the agreement.
“The signing of the agreement would allow for starting the procedure of raising the beneficial loan of EUR 100 million to the Ukrainian national budget to realize investment projects in the country. The agreement foresees the provision of a loan to the Ukrainian government to finance projects on the development of border road infrastructure and checkpoints on the Ukrainian-Polish border, as well as other projects that would be agreed by the sides and financed under separate contracts between Polish exporters and Ukrainian residents,” reads a post on the cabinet’s website.
As reported, Prime Minister of Ukraine Arseniy Yatseniuk said in January 2015 that the Polish government had announced a 10-year crediting program worth EUR 100 million for Ukraine. In April, Yatseniuk said that Ukraine and Poland agreed to allocate half of the credit to building roads to checkpoints on the Ukrainian-Polish border.
