This was reported by the press service of the head of state.
"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.
Let’s get started read our news at facebook messenger > > > Click here for subscribe