Finance
helpUkraine receives $500 mln loan from World Bank to support reforms in financial sector
The Finance Ministry of Ukraine on Monday received $500 million under its Programmatic Financial Sector Development Policy Loan in Ukraine, reads a posting on the ministry’s Web site, Interfax-Ukraine reported.
«The loan was raised for 16 years with the seven-year grace period at the variable rate (0.63% at the date of signing the agreement) and the one-time rate is 0.25%,» reads the report.
The ministry said that the loan would be sent to support top-priority measures for reforming the banking sector and to introduce a comprehensive program on anti-crisis management in the Ukrainian financial sector.
The funds from the loan will be used to finance strengthening of the operating, financial and regulatory potential of the Individuals’ Deposit Guarantee Fund, improve solvency of the banking system and strengthen the legal and institutional base for increasing stability and efficiency of the banking system in the long-term outlook.
Design, style, and all the contents of website www.capital.uaare protected by copyright and law. Any use of site materials is allowed only while meeting the requirements of reprinting terms and with the reference to www.capital.ua.Only materials in public domain can be used and adding of link and/or direct hyperlink open for search engines to immediate material address on www.capital.ua. The link/hyperlink should be placed in the sub-title or in the first paragraph of the material. Font size of the link or hyperlink should not be less than the font size of the main text in the material. Any use of materials that are in closed access and are only available to registered users is allowed only with the prior written permission of the copyright owner. Reprinting, copying, reproducing, modifying or any other use of materials published with the note 
of the agreement of syndication with Financial Times Limited are strictly prohibited. Use of materials which refers to France-Presse, Reuters, Interfax-Ukraine, Ukrainian News, UNIAN agencies is strictly prohibited. Materials marked 
are published as advertisements.
All rights reserved. © 2012 — 2016