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 NewsRSSPresident approves ratification of agreement with IBRD
27 of April 2018 г.
President of Ukraine Petro Poroshenko has signed a law on ratification of the guarantee agreement between Ukraine and the IBRD for lending to small and medium-sized businesses.
This was reported by the press service of the head of state - Ukrinform. "President Petro Poroshenko signed the Law of Ukraine" On Ratification of the Guarantee Agreement (Draft Access to Long-Term Financing) between Ukraine and the International Bank for Reconstruction and Development (IBRD)"adopted by the Verkhovna Rada on April 5," the statement reads. The agreement creates a legal framework for the development of cooperation between the parties, attracting long-term investment resources to the economy of Ukraine in the amount of $150 million under state guarantees. The document provides for Ukreximbank to receive loans from the International Bank for Reconstruction and Development to provide Ukrainian SMEs with medium- and long-term financing of production needs, including investment lending and working capital financing. Implementation of this project will have a positive impact on the development of small and medium-sized enterprises, expansion of production capacities, real sector, preservation of existing jobs and creation of new jobs, the press service noted.
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