Ukraine to receive $500 million loan from World Bank.
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October 4, 2022 10:32 pm
The loan will meet Ukraine’s urgent needs caused by Russia’s war. “(The loan is guaranteed by) the United Kingdom and Denmark: the loan repayment period is 19 years with a five-year grace period. The interest rate is 0.25% per annum," Ukraine's Finance Ministry said. The loan will help cover pension payments and certain state social programs, support for low-income families, children with disabilities, IDPs, and healthcare programs, the ministry said.
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