EIB plans to provide Ukraine with EUR 40 mln to fight coronavirus

EIB plans to provide Ukraine with EUR 40 mln to fight coronavirus

Ukrinform
The European Investment Bank (EIB) plans to allocate EUR 40 million to Ukraine for the fight against coronavirus.

The loan funds will be used to purchase the necessary medical equipment, according to the Ministry for Communities and Territories Development of Ukraine.

"Last week, Minister for Communities and Territories Development Oleksiy Chernyshov held an online meeting with representatives of the European Investment Bank. The parties discussed issues of raising a loan worth EUR 40 million for a rapid response and the necessary measures to fight the spread of coronavirus in Ukraine," the statement says.

The loan will be provided within the framework of the current Ukraine Municipal Infrastructure Programme (UMIP), launched in 2014.

On March 23, the Ministry for Communities and Territories Development received an action plan from the EIB regarding the provision of the agreed loan. The parties are agreeing on the details and terms of cooperation, the ministry added.

As of March 24, Ukraine had 97 laboratory-confirmed cases of Covid-19 infection.

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