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Eastern Europe Monitoring Ukraine

Ukraine ratifies $150 million IBRD agreement

President of Ukraine Petro Poroshenko signed the law of Ukraine ‘On ratification of the guarantee agreement between Ukraine and the International Bank for Reconstruction and Development’. The press service of the presidential administration reported that on Friday morning.

According to the message, the document regulates cooperation between the sides, specifically the long-term investments into the Ukrainian economy, totally worth 150 million U.S. dollars under the state guarantees.

It is implied that the implementation of the agreement will have a positive impact on small and medium enterprises, extension of production assets and will be instrumental in saving old and creating new jobs.

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