Ukraine receives €529 million loan under World Bank’s guarantee

On February 28, Ukraine obtained a loan of 529 million euro from Deutsche Bank under the World Bank’s guarantee for supporting the state policy on economic growth, reported the Ukrainian Finance Ministry.

The loan comes in two tranches. Tranche A in the amount of 240 million euro matures in 4 years and Tranche B in the amount of 289 million euro matures in 10 years. The second part of an existing guarantee for the whole amount of 750 million dollars was used for this loan.

Ukraine obtained the first loan in the amount of 349.3 million euro under this guarantee in late December of 2018.

The Policy Based Guarantee is the World Bank's financial instrument that can be used by the country's government to get budget support based on the results of the implementation of strategic and institutional reforms.

  Ukraine, World Bank, Deutsche Bank