Economy Ministry: Ukraine to draw in $3.9 billion in investments apart from IMF's credit
First Deputy Economy Minister Anatoliy Maksiuta

Economy Ministry: Ukraine to draw in $3.9 billion in investments apart from IMF's credit

Jul 30, 2010 at 15:25 | Interfax-Ukraine
Apart from the assets allocated by the International Monetary Fund in 2010, Ukraine could conclude agreements on the investment of $3.9 billion, the Economy Ministry of Ukraine has forecast.

"In 2010 there is a possibility of official talks and concluding international agreements worth $3.9 billion," First Deputy Economy Minister Anatoliy Maksiuta said at a press conference in Kyiv on Friday, July 30.

According to him, these will be both systemic loans and credits for the implementation of infrastructure projects. As part of the World Bank's assistance to Ukraine, preparations for the fourth loan ($500 million) for development policy are being carried out: this loan will be allocated to support strategic reforms. The second scheduled loan, worth $350 million for financial sector recovery, is also being prepared. Ukraine is also holding talks on drawing assets for the implementation of restoration projects for hydroelectric power stations ($60 million), railways construction ($500 million), electrified track construction ($170 million), energy efficiency programs ($300 million) and others, in particular, those related to housing and utilities, and road construction.

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