Money is needed to ensure, in particular, payments to pensioners and displaced persons.
will take another $530 million loan from the International Bank for Reconstruction” />
The Ukrainian government has decided to attract from the International Bank for Reconstruction and Development (IBRD )additional financing in the amount of 530 million dollars, reports the Ministry of Finance.
The loan will be provided on preferential terms under the guarantees of Great Britain and Denmark. The loan repayment period is 19 years with a five-year grace period. The interest rate is 0.25% per annum (charged on the unused part of the loan).
The funds will be directed to:
- paying employees of the budget sector;
- security of pension payments;
- social assistance with payment of housing and communal services;
- support of low-income families, disabled children and disabled since childhood, IDPs;
- for payment of medical services under the medical guarantee program, etc.
The money is allocated within the framework of the project “Supporting public expenditures to ensure sustainable public administration in Ukraine”, which will be implemented from June 2022. The total amount of funds involved is 7.3 billion.
Read also: The EU Council agreed to allocate €5 billion in aid to Ukraine
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