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Ukrainian government and USAID sign memorandum of understanding

Ukraine's Economics Minister Bohdan Danylyshyn and the Director of the USAID Mission to Ukraine, Moldova and Belarus, Janina Jaruzelski, have signed September 25 a memorandum of understanding (MOU) between the Ukrainian and US governments regarding basic directions and objectives of the assistance program from the United States Agency for International Development (USAID) for 2009-2010, the ministry press-service reported.

Danylyshyn noted that the USAID-funded projects are an important instrument of supporting Ukrainian reforms, including strengthening financial sector, developing market-oriented agriculture, supporting small and medium-size business, addressing social problems.

"The conclusion of the memorandum will become a measure needed for gradual development of proper conditions for technical and economic cooperation between Ukraine and USAID in 2009-2010, as well as an active mechanism of attracting and using US technical assistance," the Ukrainian minister said.