Business news from Ukraine

Cabinet approves $500 million loan to Ukraine from IBRD

27 November , 2022  

The Cabinet of Ministers has approved a $500 million loan from the International Bank for Reconstruction and Development (IBRD).

Taras Melnychuk, representative of the Cabinet in the Verkhovna Rada, said in Telegram on Friday that the relevant decision was made at the government meeting on Friday.

In particular, it was deemed appropriate to attract a loan from the International Bank for Reconstruction and Development as the fourth additional funding for the project “Support for Public Expenditure to Ensure Sustainable Public Administration in Ukraine” in the amount of $500 million.

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