Ukraine to get loans from IBRD and Clean Technology Fund
posted
24 December 2014
10:53
The World
Bank’s Board of Executive Directors approved USD330 million in loan for Ukraine from the
International Bank for
Reconstruction and Development as well as USD48.425 million in loan from the Clean Technology Fund for the Second Power Transmission Project.
An IBRD loan will
be raised with a 5-year grace period, and repayment of 18 years. Today, the interest rate for loans is approximately 0.6% per annum.
A loan from the Clean Technology Fund will be raised with a 10-year grace period, repayment of 20 years and 0.75% interest rate. It will be aimed at improving the reliability of power supply through the rehabilitation of transmission stations and upgrading of the electricity transmission network.