The Credit Institution for Recovery (KfW) transferred EUR 150 million to the state budget of Ukraine on Friday for a 15-year loan with a five-year grace period, the Finance Ministry said.
“Today, another loan from the Credit Institution for Recovery (KfW) in the amount of EUR 150 million was transferred to the state budget of Ukraine. These loan funds were provided as co-financing of the Additional Financing of the Development Policy Loan in the Conditions of Emergency Economic Situation of the International Bank for Reconstruction and Development,” — The Finance Ministry announced on its website on Friday.
The funds raised will be directed to social spending and spending in education and health, the ministry said.
