Ukraine on Tuesday received from the Netherlands EUR200 million of credit funds on concessional terms through an IMF-administered account, the Ministry of Finance said.
According to its release, the loan amount bears interest at an annual interest rate equal to the IMF prime rate of interest (IMF basic rate of charge, fixed at 3.641% per annum).
The final repayment of the loan is carried out 10 years from the date of the sample of the loan, taking into account the grace period of 4.5 years from the date of the sample of the loan, the Ministry of Finance said.
The loan funds are designed to finance the cost of the general fund of the state budget, the ministry said.
As reported, in early July this year, the Netherlands announced a decision to allocate another EUR200 million to Ukraine through the IMF account. “The funds will be spent on the current needs of the Ukrainian authorities, such as salaries of civil servants, teachers, medics,” said Minister of Foreign Trade and Development Cooperation of the Netherlands Lisie Schreinemacher at the International Conference on the Recovery of Ukraine in Lugano, Switzerland.
