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UKRAINIAN PARLIAMENT FAILS TO RATIFY WORLD BANK LOAN TO ISSUE LAND PROPERTY CERTIFICATES AND LAND REGISTRY
  

Interfax-Ukraine news agency, Kiev, in Russian, 3 Mar 04
BBC Monitoring Service, UK, in English, Mar 03, 2004

 

Kiev, 3 March: The Ukrainian parliament has failed to ratify the agreement between Ukraine and the World Bank on a loan to issue of land property certificates and develop a land registry in Ukraine.

Only 212 MPs supported the accord (226 votes needed). Communist MP Volodymyr Levchenko said after the voting that he accidentally pushed the wrong button and supported the ratification.

The agreement envisages that the World Bank lends 195.13m dollars to Ukraine until 30 June 2012. Ukraine would pay a one-off fee of 1 per cent of the loan and a fee on obligations worth three-quarters of a per cent of the original loan sum. It was planned to pay interests on 15 January and 15 July every year. [Passage omitted: Parliament ratifies accord with Lebanon.]

 
 

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