Ukraine Has Received EUR 500 Million in Macro-Financial Assistance from EU
12.06.2020Ukraine has received EUR 500 million as the second tranche of the European Union’s fourth macro-financial assistance program.
The Ministry of Finance announced this in a statement, the Ukrainian News Agency reports.
The money will be provided in the form of a loan at the interest rate of 0.125% per annum with a maturity date of 10.06.2035.
The funds will be used to finance state budget expenditures, help reduce the external financial pressure on Ukraine, and improve the country’s balance of payments.
Following: ukranews