Ukraine Attracted Loan under the World Bank’s Guarantee

12/27/18

Today, the state budget of Ukraine received funds from a EUR 349.3 million Deutsche bank loan under the Policy Based Guarantee from the International Bank for Reconstruction and Development (IBRD).

Deutsche Bank provided EUR 349.3 mln loan to Ukraine in the form of two tranches: tranche A in the amount of EUR 53.2 mln with a 4 years maturity and tranche B that totals EUR 296.1 mln with 10 years maturity, 4.5 years of the grace period.

Under this loan the part of the World bank’s Policy Based Guarantee in the amount of euro equivalent of USD 375 mln out of total amount of USD 750 mln was used. Ukraine plans to get the next loan under the World Bank’s Policy Based Guarantee in Q1 of 2019.

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