Ukraine and Turkey sign $50 m​i​llion Loan Agreement

2/15/16

Today, on February 15, Minister of Finance Natalie Jaresko participated in the signing ceremony of the $ 50 million loand agreement between the Government of Ukraine and the Government of Turkey. The Loan Agreement was signed by the Prime Minister of Ukraine A. Yatsenyuk and the Prime Minister of Turkey Ahmet Davutoğlu.

The Ministry of Finance of Ukraine is actively working on strengthening of Ukraine's financial system and for this reason the Ministry involves long-term financing and expands Ukraine's international financial coalition. In the framework of this policy, in 2015 the financial and credit cooperation was launched with the Government of Turkey, in particular, through the $50 million loan agreement.

This loan will be used to finance the state budget needs. On signing the loan agreement, Ukraine expect to receive $50 million in the first or the second quarter of 2016.

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