The Cabinet of Ministers of Ukraine has approved a draft resolution "On the implementation of external public borrowing in 2021 by attracting a loan from the Export Credit Agency of the United Kingdom."
The implementation of the document allows for public external borrowing to raise up to £21 million from the United Kingdom’s Export Credit Agency for the purchase of kits for holding 4 million PCR tests.
The term of the loan is 4 years.
The contract for the supply of 4 million PCR research kits was signed under the current Memorandum of Understanding between the Cabinet of Ministers of Ukraine and Her Majesty's Secretary of State, acting through the United Kingdom's Export Credit Agency. This agreement sets out the general principles and preconditions for cooperation in the implementation of projects related to British exports, in particular in such priority areas as defense and security, agriculture, infrastructure, energy and health.