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Finance & Banking 1 min read Source: Зеркало недели

Ukraine received almost 190 million euros in a loan from the World Bank

Ukraine received almost 190 million euros in a loan from the World Bank
photo Зеркало недели

The General Fund of the State Budget of Ukraine received an additional 189.32 million euros in loans from the World Bank. The money was transferred on preferential terms from the International Development Association as part of an agreement on financing the project "

The funds are planned to be spent on partial reimbursement of budget expenses for the salaries of government employees and teachers in February 2023.

The maturity of the loan from the International Development Association is ten years. There is also a 4-year grace period..

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" The funds raised will make it possible to reimburse the top-priority social expenditures of the state budget, in particular, financing the remuneration of employees in the public sector, as well as to further ensure sustainable public administration in Ukraine,"

Earlier, the European Commission allocated another 1.5 billion euros to our state as part of macro-financial assistance during 2023.

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