The Cabinet of Ministers adopted a decree that will open the possibility of receiving a loan from the International Bank for Reconstruction and Development in the amount of $1.5 billion to support business. Prime Minister Denis Shmyhal announced this at a meeting of the Cabinet of Ministers.
► Read the Ministry of Finance page on Facebook: main financial news
What is known
Raising $1.5 billion will help support business, increase exports, and ensure macro-financial stability, Shmygal emphasized.
Also , according to the prime minister, the Cabinet of Ministers approved a resolution defining the terms of the loan from Canada.
“This is an additional 2 billion Canadian dollars (more than $1.5 billion), which we can receive this year,” Shmygal said.
In addition, he reported that Ukraine is working with partners to create a large credit line for the restoration of Ukraine and integration with the EU for five years at 0%.
The Prime Minister emphasized that these funds will be used for construction, repairs, logistics, education and other purposes.