The funding consists of Japanese government guarantees of $984 million and UK guarantees of $516 million.
Ukraine received a $1.5 billion loan in support of the “Foundations for Growth” development policy from Japan and the UK through the World Bank facility. The Ministry of Finance announced this on Friday, March 29.
Funding consists of guarantees from the Japanese government through a World Bank trust fund of $984 million and guarantees from the UK of $516 million.
The general fund of the state budget received $1.4 billion. To reduce the cost of servicing Ukrainian credit obligations, the program provides interest capitalization in Japanese funds in the amount of $99.54 million.
A prerequisite for receiving the tranche is that Ukraine fulfills the necessary requirements for the program. There are eight of them in total. This includes adjusting Ukrainian customs and tax legislation to EU standards, improving fiscal policy and regulating capital markets, ensuring transparency and accountability in the e-procurement system.
Earlier, the NBU said that Ukraine will receive $10 billion in international funding in March-April. Most of the money has already been donated. Another tranche from the EU is expected in April.
Source: korrespondent
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