The World Bank has approved a $1.5 billion loan to Ukraine to support recovery and development policies. The money will be allocated under the guarantees of Japan and Great Britain, respectively $984 million and $515 million.
"The received funds will be directed to the support of the State Budget of Ukraine and the restoration of the economy, as well as to the financing of social and humanitarian expenses of the state budget," - noted Minister of Finance Serhiy Marchenko.
In order to reduce the cost of servicing Ukraine's credit obligations from the DPL2024 loan, interest capitalization in the amount of USD 99.54 million is planned for the coming years.
The DPL program is a project aimed at supporting reforms in Ukraine and provides funds to the general fund of the state budget in one tranche, subject to the fulfillment of the necessary conditions.
It is planned that the funds will be transferred to the Ukrainian state budget by the end of the current month.
