Memo from the Ministry of the Economy with the US Eximbank: loans of $ 3 billion and more
The Ministry of Economy of Ukraine signed a memorandum of understanding with the Import-Export Bank of the United States focused on strengthening economic cooperation between the two countries in trade in goods and services.
This is according to the press service of the Ministry of the Economy, reports Ukrinform.
âDuring the US visit of Ukrainian President Volodymyr Zelensky, a memorandum of understanding was signed between the Ministry of Economy of Ukraine and the Import-Export Bank of the United States of America. Ukraine, the document was signed by First Deputy Prime Minister, Minister of Economy Oleksiy Liubchenko, and Bank – Acting President James Burrows, âthe report read.
The main objective of the memorandum is to strengthen economic cooperation between Ukraine and the United States on trade in goods and services. In particular, the Ministry of Economy and Eximbank will develop options to use medium and long-term guarantees, as well as direct loans from Eximbank to finance US exports to Ukraine for a total amount of 3 billion. of dollars.
At the same time, the bank has no restrictions on entering into financing agreements, which makes it possible in the future to consider financing in excess of $ 3 billion.
“We hope that we will be able to implement projects for a total amount that will be well above the specified $ 3 billion. It is important for us to strategically develop cooperation with the United States Eximbank, to make it one of the pillars of Ukraine’s transformation and strengthen our cooperation with EU financial institutions and international financial institutions. We hope that the US partners will provide reliable financial support for such cooperation “, Liubchenko said.
According to the Deputy Prime Minister, in the preparation for the signing, a number of joint consultations were held, during which a set of projects on security and economic transformation of Ukraine, as well as decarbonization and implementation of infrastructure projects, were discussed.
“We have seen that the US authorities fully support this development scenario for Ukraine and are interested in developing ambitious projects with the participation of US companies in Ukraine,” said the senior official.
American bankers reaffirmed their willingness to continue active cooperation and expressed confidence that the signing of the note would form the basis for the implementation of ambitious projects and help forge much stronger economic ties between the two countries.