By the end of this year, $ 229.7 million will be attracted to the total state budget fund.
Ukraine and the International Bank for Reconstruction and Development have entered into a loan agreement for $ 246.5 million under the support of the surge program for recovery through rational fiscal management. This was announced by the Ministry of Finance on Saturday, September 13.
It is indicated that the funds will be attracted from the target fund for the provision of the required credit support (Advance Ukraine), supported by the Japanese government.
“The purpose of the project is to support the efforts of the Ukrainian government aimed at creating an effective public investment system in the conditions of recovery and restoration of post -war, improving fiscal management at the local level, improving the medium -TERM and budgeting software at the local level and management of income,” the report said.
It is planned by the end of this year, $ 229.7 million will be attracted to the total state budget funding. Part of the loan of 16.8 million dollars aims to capitalize interest to reduce the cost of Ukraine delivery credit obligations for the coming years.
The Surge project has been implemented in Ukraine since 2024. During this time, the World Bank ended a Ukraine agreement for $ 760 million in financing within the project framework, including receiving $ 10 million of the funding funds.
Remember that in August Ukraine and Japan signed contracts for nearly $ 1 billion. Then this is about the agreements on implementing joint projects in the fields of agriculture and food industry, infrastructure and construction, technology and change.
Also, Ukraine and Japan have come up with a regular mechanism of defense consultations.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.