The World Bank has decided to issue a loan of $ 150 million to Ukraine, as reported by TASS citing informed sources in the organization.
As noted, the money was provided to the State Export-Import Bank of Ukraine under the sovereign guarantees of Kyiv. The purpose of this project, as noted by Ukreximbank, is to expand the access to long-term financing for "export-oriented small and medium-sized enterprises."
Earlier, the project was planned to be approved without consideration, under a simplified procedure, on March 31st. However, the top management of the World Bank requested the usual procedure for discussing the project, which was held on May 2nd.