The Ministry of economy and finance announced the receipt of a loan of €63 million to the budget of Ukraine from the International Development Association. The funds were provided as part of the World Bank's Public Expenditures for Administrative Capacity Endurance in Ukraine project. The funds will be used to mitigate the military hit against the social sphere of Ukraine: the payment of salaries to government workers and, in particular, teachers.
Loan terms: grace period — 4 years, maximum maturity — 10 years.
We remind you that Zelensky and the president of the World Bank held talks today.
