Deputy Minister of Defence and Aviation Kingdom of Saudi Arabia Prince Khaled bin Sultan bin Abdulaziz Al Saud of Saudi Arabia announced the decision to allocate $20 million for the Chornobyl project implementation. He said it during a meeting with Ukrainian Foreign Minister Konstantyn Gryshchenko, the Foreign Ministry press service reported.
The Verkhovna Rada has ratified the Agreement between the Government of Ukraine and the Government of Israel on Mutual Promotion and Protection of Investments. The relevant law was supported by 315 deputies on Wednesday.
IMF Mission to visit Ukraine from August 29 to September 9.
Visit of International Monetary Fund experts to Ukraine is postponed. Professionals have to provide the Board of Directors the conclusion on allocation the next loan tranche under the stand by program.
On Thursday World Bank (WB) gave $ 150 million loan to Ukraine, the decision was approved by the Board of Directors of the World Bank.
The European Bank for Reconstruction and Development and Ukraine signed a loan agreement for 200 million euros to modernize OJSC "Ukrhydroenergo" plant.
During the REF-2011 International Forum the Project Manager Jim Disenstam said that the European Bank for Reconstruction and Development (EBRD) has launched Loan Programme (UKEEP 3) in Ukraine.
Experts admit that Ukraine can get the next IMF loan tranche without increasing gas tariffs for the population. However, the Ukrainian government has to offer a convincing alternative to get IMF funds.
The International Monetary Fund demands from Kiev to increase gas tariffs for the population. Also the IMF insists to increase the budget reserve fund from a UAH 3 billion up to UAH 5 billion, as well as expand a progressive scale of taxation of individuals.
Ukraine has received a proposal from Chinese central bank to grant a credit instead of the IMF. The National Bank of Ukraine reported.