KYIV. April 22 (Interfax-Ukraine) – Ukraine’s Verkhovna Rada has ratified a loan agreement between Ukraine and the European Investment Bank (EIB) on lending EUR 200 million to Ukraine under the Early Recovery Framework Loan (Ukraine) programme.
A total of 263 MPs voted for the ratification on Wednesday.
A draft bill on the ratification of the agreement was tabled by Ukrainian President Petro Poroshenko in parliament on April 10.
As reported, Ukrainian Prime Minister Arseniy Yatseniuk and EIB Vice President Laszlo Baranyay on December 22, 2014 signed an agreement on lending EUR 200 million to Ukraine under the Early Recovery Framework Loan (Ukraine) programme.
The EIB board approved the project on December 16, while the Ukrainian government endorsed it on December 19.
The objective of the loan, which is raised by the Ukrainian government, is to address short-term needs in affected areas controlled by the government of Ukraine, and basic infrastructure needs to shelter internally displaced people in other regions of Ukraine, the EIB said.
