Ukraine raises second loan of EUR 529 mln under World Bank guarantee – Finance Ministry
Ukraine on February 28 raised a loan of EUR 529 million from Deutsche Bank under the guarantee of the International Bank for Reconstruction and Development (IBRD, the World Bank Group), according to the website of the Ministry of Finance.
The funds were received in two tranches: an A tranche in the amount of EUR240 million with maturity in four years and a B tranche in the amount of EUR289 million with a final maturity in ten years (four years and six months after raising the funds, the loan is subject to gradual repayment with certain amounts every half a year).
The second part of the guarantee in the amount of $375 million in the euro equivalent of the total amount of the World Bank guarantees of $750 million was used for the loan.
As reported, the World Bank Board of Executive Directors on December 18, 2018 approved the provision of guarantees to Ukraine in the amount of $750 million in support of state policy.
Advertising
Advertising
MORE ABOUT
U.S. Ambassador: Military, economic aid, reform support, accountability are main goals of $61 bln allocated for Ukraine
14:20, 04.05.2024
Klitschko: there cannot be strong, democratic and safe Europe without Ukraine as equal partner
12:07, 04.05.2024
Ukrainian, Czech FMs discuss progress of Czech initiative on ammo procurement, strengthening of military assistance
16:35, 03.05.2024
London doesn’t object to use of weapons in Russia – British PM
12:28, 03.05.2024
EU-Ukraine Forum on defense industry issues to be held in Brussels
15:54, 02.05.2024
LATEST
After opening of sea exports, Metinvest increases workload of factories, directs efforts to retain teams – HR Director
20:17, 06.05.2024
Kamet Steel plant carrying out major overhaul of cable rack at coke chemical division for uninterrupted power supply
19:52, 06.05.2024
Business expectations in Ukrainian construction market in Q2 decrease by 1.1 pp – statistics
19:16, 06.05.2024
Four MPC members expect reduction of key policy rate to 11.5-12% by late 2024, remaining 7 expect fall to 13% – NBU
13:58, 06.05.2024
NBU develops alternative scenario in case of higher security risks with GDP growth in 2025 by 3.3%