Verkhovna Rada ratifies agreement between Ukraine, European Investment Bank

Source : 112 Ukraine

399 MPs voted in favor
15:42, 16 April 2020

Zoya Shu/

The Verkhovna Rada of Ukraine has ratified the grant agreement on the E5R Fund (Project "Higher Education of Ukraine") between Ukraine and the European Investment Bank. 339 MPs voted in favor. 112 Ukraine TV channel hosted the online broadcast.

"The E5P Grant Agreement with the European Investment Bank for the implementation of the project “Higher Education of Ukraine” was concluded in order to provide co-financing of the project "Higher Education of Ukraine", financed by the European Investment Bank and the Northern Ecological Financial Corporation, at the expense of the E5P Fund,” the text of the explanatory note reads.

Related: Extraordinary meeting of the Verkhovna Rada kicks off

The purpose of this agreement is to assist the participating universities in improving the quality and reliability of their services.

As we reported earlier, the World Bank assigned another 135 million dollars for Ukraine, 35 of which are supposed to be used for deterring the spread of coronavirus disease in this country.

According to Ukraine's Healthcare Minister, 20 million of the said sum will be used to purchase the necessary materials and equipment for combating COVID-19.

Related: Ukraine’s parliament agrees main expenditure items of renewed budget, - PM

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