Turkey will give Ukraine a loan of $50 million

Турция даст Украине кредит на $50 млн

The money will be used to assist the Ukrainian government in the crisis period.

The Turkish authorities intend to allocate to Ukraine a loan of $ 50 million. This is stated in the message of the official Gazette of the Turkish government Resmi Gazete, reports Anadolu news Agency.

“The Cabinet of Ministers of Turkey on the basis of the application of the Treasury approved the agreement on the allocation of Ukraine of credit in the amount of 50 million dollars”, – stated in the message.

It is noted that the agreement was signed on 15 February 2016.

“The loan will be allocated to assist Ukraine in times of crisis”, – said the Agency.

As reported Корреспондент.netthis week the European Union decided to allocate about EUR 120 million to reform public administration and fight against corruption in Ukraine.

Also Ukraine will receive from Hungary a loan of 50 million euros to be spent on the development of border infrastructure.

In 2017, Kiev wants to borrow another $8 billion