IBRD grants Ukraine 300-mln-USD loan to support low-income families


  • World
  • Tuesday, 15 Dec 2020

KIEV, Dec. 14 (Xinhua) -- Ukraine has signed an agreement on a 300-million-U.S.-dollar loan with the International Bank for Reconstruction and Development (IBRD) and will receive the first tranche of 170 million U.S. dollars by the end of this year, Ukrainian Ministry of Finance reported on its official website on Monday.

According to Ukrainian Finance Minister Serhiy Marchenko, the loan is part of the project "Modernization of the social support system of the population of Ukraine", which amounts to 750 million U.S. dollars in total.

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