Ukrainian President Petro Poroshenko has submitted a draft law on the ratification of an agreement signed between Ukraine and the European Investment Bank to the Ukrainian parliament (the Extraordinary Loan Programme for the Restoration of Ukraine).
According to a posting on the website of the Ukrainian parliament, draft law No. 0014 was registered on April 10.
As reported, Ukrainian Prime Minister Arseniy Yatsenyuk and the European Investment Bank Vice
President Laszlo Baranyay on Dec. 22, 2014 signed an agreement on
lending 200 million euros to Ukraine under the Extraordinary Loan
Programme for the Restoration of Ukraine.
The European Investment Bank board approved the project on December 16, while the Ukrainian government endorsed it on December 19.
The objective of the loan, which is raised by the Ukrainian
government, is to address short-term needs in affected areas controlled
by the government of Ukraine, and basic infrastructure needs to shelter
internally displaced people in other regions of Ukraine, the European Investment Bank said.
