Ukraine receives USD 750 mln from World Bank under Development Policy Loan 1 project
posted
30 May 2014
09:17
A Loan Agreement (Development Policy Loan 1) between
Ukraine and the World Bank for Reconstruction and Development was signed on May
26, 2014. The loan is attracted for 16 years with a 7-year privileged period
with the variable interest rate for 6 months LIBOR + variable spread (as of
signing date – 0.59%), one-time interest on the loan – 0.25%.
The development objectives in the framework of the
project are to promote strategic and institutional reforms directed
to overcoming crisis phenomena and stabilizing of the financial and economic
situation within the country, as also to lay the basis for the sustainable and
balanced growth in Ukraine.