українська російська англійська
Ukraine received loan from WB in support of reforms in financial sector
08.09.2014 | 12:02
Press service of Finance Ministry

Today, September 8, the Finance Ministry of Ukraine obtained the first tranche of the Financial Sector Development Policy Loan worth $ 500 million in the framework of the agreement between Ukraine and the International Bank for Reconstruction and Development, signed on August 8, 2014.

The loan was raised for 16 years with a 7-year privileged period at a variable interest rate (on the date of signing - 0.63 %), one time fee is 0.25 %.

The funds will be directed to support of high priority reform measures in the banking sector of Ukraine and implementation of a comprehensive program of crisis management in the financial sector of Ukraine, in particular: strengthening of operational, financial and regulatory capacity of the Deposit Guarantee Fund; improvement of solvency of the banking system; strengthening of legal and institutional framework for improving the sustainability and efficiency of the banking system in the long run.

 

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