Power: almost fifty percent of the loan Germany Kiev will go to support the budget

Angelina Timofeeva. Only 300 of five hundred million Euro loan granted by the Federal government Ukraine will go to the restoration of the East of the country, the remaining 200 million will be spent for short-term budget support, said Last news on Thursday authorized official of the German government.

real projects to rebuild infrastructure are to be approved by the German and Ukrainian governments, said the head of the Department.

the head of Ukraine Petro Poroshenko on July 8, said he " has made the initiative of the Verkhovna Rada to ratify the Memorandum with Germany in relation to five hundred million euros loan for the reconstruction of infrastructure in Eastern Ukraine ".

The document granting loans to Kiev was signed on 1 April 2015 in Berlin. The parties were informed that these funds will be involved, for example, for investments in restoration and modernization of the infrastructure in the Eastern part of Ukraine in such areas as transport, energy, heating, energy efficiency, water and sanitation, social infrastructure, rehabilitation and construction of housing.

"The Federal government promised loan guarantees to Ukraine in the amount of five hundred million euros, 200 million of these funds will be provided in the form of short-term budget support. The remainder in the amount of 300 million euros should go mostly for projects to rebuild infrastructure in Ukraine. Real projects are to be approved by the German and Ukrainian governments, " said Commissioner of the German government.


sections: Politics