Hennadii Zubko informs Ukrainian-German high-level group to select projects for the reconstruction of destroyed infrastructure of eastern Ukraine
This spring, in late
March or early April Kyiv is planned to host a meeting of the Ukrainian-German
high-level group on economic cooperation. By that time, the Ukrainian party
intends to sign a Framework agreement with KfW of the
Federal Republic of Germany, which should grant a loan for the reconstruction
purposes. This is the next step in the implementation of a joint statement
between the Government of Ukraine and the Federal Government of Germany to grant
credit guarantees worth EUR 500 million to finance reconstruction of the destroyed
infrastructure in Luhansk and Donetsk regions. This was announced by Vice Prime
Minister, Minister of Regional Development, Construction, Housing and Utilities
Hennadii Zubko following a
meeting with the Federal Minister for Economic Cooperation and Development Gerd Müller.
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"Providing €
500 million in credit guarantees from the Government of the Federal Republic
of Germany will be carried out through KfW, a
German development bank. With this purpose the Ministry of Economic
Development and Trade should conclude a framework agreement with KfW. Selection of projects will be held by the joint
working group, which acts within the framework of the Ukrainian-German high-level
group", informed Hennadii Zubko. It should be noted,
the Cabinet of Ministers of Ukraine appointed Vice Prime Minister of Ukraine,
Minister of Regional Development, Construction, Housing and Utilities a Chairman
of the Ukrainian part of Ukrainian-German high-level group on economic
cooperation. |