KIEV, Nov. 26 – The Cabinet of Ministers has signed an agreement with the World Bank about raising UAH3 billion for 30 years at an annual interest rate of 5% to cover Ukraine’s budget deficit, Prime Minister Yulia Tymoshenko said while opening a meeting of the government in Kiev on Wednesday.

"Today we completed our work with the World Bank and signed an agreement with the bank about raising a 30-year loan to the sum of UAH3 billion to cover the planned budget deficit," Tymoshenko said.