The Cabinet of Ministers of Ukraine has approved a loan from the French Development Agency for a total amount of up to EUR 300 million in 2022.
“State external borrowing in 2022 is carried out by raising a loan from the French Development Agency for a total amount that does not exceed EUR 300 million and is provided in accordance with a loan agreement between Ukraine represented by the Finance Minister as a borrower and the French Development Agency as a creditor, within provided for by the law on the 2022 national budget of Ukraine,” the government said in resolution No. 358 dated March 24.
According to the terms, the loan amount bears interest at a fixed annual interest rate of 1.04%, which is paid every six months.
The final repayment of the loan is carried out after 15 years from the date of conclusion of the loan agreement (taking into account the grace period for deferring loan repayment for a period of five years from the date of conclusion of the loan agreement).
