The funds will be used to refinance expenses under the State Support Program Available loan 5-7-9%
Ukraine received 50 million euros on an irrevocable basis from the Credit Institution for Recovery (KfW) within the framework of the State Support Program Available loans 5-7-9%, the press service of the Ministry of Finance of Ukraine has reported.
It is reported that the grant funds will be used to refinance expenses under the State Support Program Affordable loans 5-7-9%, which will continue to provide access to preferential lending for small and medium-sized enterprises in Ukraine.
The state program Affordable loans 5-7-9% is implemented by the Entrepreneurship Development Fund, which provides financial support to Ukrainian businesses aiming at their restoration and development under martial law.
Earlier it was reported that Ukraine will receive a loan from the World Bank for $1.2 billion to finance social payments. The goal of the INSPIRE project is to finance 29 types of social benefits to the most vulnerable segments of the population of Ukraine.
Source: korrespondent
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