The concessional loan, secured with UK guarantees, is provided by the International Bank for Reconstruction and Development and International Development Association in the framework of the project «Support for Public Expenditure on Sustainable Public Administration in Ukraine».
The loan matures in 18.5 years, the grace period is 5 years, and the interest rate is 0.25% per annum.
These funds, together with loans and grants from other partners — the USA and the European Union — will be used to meet social obligations of the state, support vulnerable population, finance expenditures on education and health care, etc.
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