The European Investment Bank (EIB) is providing Ukraine with a loan of 400 million euros. The loan is intended to be injected into the real sector and into construction companies, especially small and medium-sized enterprises, which should benefit from the money of EU taxpayers. How the funds are actually used remains unclear, German media reported.
Coalition strife and corruption scandals have led to the feeling that billions of European and international tax money are likely to have largely leaked into dark channels. Since the recovery of the Ukrainian economy did not take place: the population suffers from rising prices for energy and food, as well as inflation, which has led to an increase in prices for imported goods.
Nevertheless, the EIB hopes to be able to monitor its loans in the most careful way. The bank has strict criteria, focusing on specific projects, the successful completion of which should be the main indicator.
European Investment Bank provides a loan to Ukraine
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Azovpromstal® 13 April 2016 г. 09:22 |
