The Cabinet of Ministers intends to attract a $100 million loan from the International Bank for Reconstruction and Development (IBRD) for the Eastern Ukraine: Reconnect Recover Revitalize (3R) Project.
In addition, the Cabinet of Ministers approved the composition of the delegation to participate in negotiations with the IBRD.
According to the draft resolution, the loan is planned to be attracted for a period of 27 years with a grace period of 12 years with a floating rate of LIBOR plus a variable spread.
According to the data on the website of the Ministry for Reintegration of the Temporary Occupied Territories, the project envisages investments in the resumption of agriculture through the implementation of private agricultural sub-projects aimed at overcoming the consequences of the armed aggression of the Russian Federation on the territory of Luhansk region controlled by the government of Ukraine.
