MainPolitical

Ukraine attracts second loan under World Bank's guarantee

The total sum exceeds the guaranteed amount.

Ukraine attracts second loan under World Bank's guarantee
Photo: EPA/UPG

On 28 February, Ukraine attracted a 529m-euro loan arranged and provided by Deutsche Bank under the Policy Based Guarantee from the International Bank for Reconstruction and Development (IBRD), the Finance Ministry has said.

Deutsche Bank provided the 529m-euro loan to Ukraine in the form of two tranches: tranche A amounting to 240m euros and four-year maturity and tranche B totaling 289m euros and 10-year maturity.

Under this loan, the remaining part of the guarantee of the total amount of 750m dollars under the World Bank’s Policy Based Guarantee was used.

Read LB.ua news on social networks Facebook and Twitter