The funds will be directed at the implementation of available “5-7-9” loans, businesses for re-payment of agricultural costs, stimulating industry parks.
The Ministry of Economy and the International Bank for Reconstruction and Development have signed an agreement with a loan for $ 88 million under sustainable, included and received environmental programs to support small and medium businesses. This is reported on the website of the Ministry of Economy.
According to the head of the Ministry of Economy Alexei Sovelev, the funds will be directed at the implementation of business support programs such as available “5-7-9” loans, businesses processing, a program for repairing the cost of agricultural equipment, and stimulating industry parks.
The funding of this program is outlined as a result -focused program (Program for Results – Pforr) – Funds are distributed based on achieving specific results that have previously been in line with the World Bank.
Ukraine and the World Bank have coordinated the start of the new five -Year to prepare the Ukraine Program for $ 200 million to prepare recovery projects.
Keep in mind that Ukraine has received $ 190 million for the recovery initiative in the framework of a together with the World Bank for the project to create a sustainable infrastructure in a vulnerable environment in Ukraine.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.