The Cabinet of Ministers has adopted a decision to raise funds from the IBRD and Canada

The Cabinet of Ministers has adopted a decision to raise funds from the IBRD and Canada

Kyiv  •  UNN

March 5 2024, 04:36 PM  •  31722 views

The Cabinet of Ministers of Ukraine has adopted a resolution allowing Ukraine to receive a USD 1.5 billion loan from the International Bank for Reconstruction and Development.

The Cabinet of Ministers of Ukraine has adopted a decree that will open up the possibility of obtaining a loan from the International Bank for Reconstruction and Development in the amount of $ 1.5 billion. This was reported by the government's representative in the Verkhovna Rada, Taras Melnychuk, UNN reports.

Details

It was recognized as expedient to attract a loan from the International Bank for Reconstruction and Development for the implementation of the systemic project "Fundamentals of Growth" Development Policy Support Loan in the amount of USD 1.5 billion. The draft letter of the Government of Ukraine to the World Bank on development policy was approved

- Melnychuk wrote.

He also said that a decision has been made to make public external borrowings in 2024 by attracting a loan from Canada.

The main conditions for public external borrowings in 2024 by attracting a loan from Canada have been approved. The borrowing will be made for a total amount not exceeding CAD 2 billion

- Melnychuk said.

At a government meeting, Prime Minister Denys Shmyhal noted that one of the main tasks for the Government is to further strengthen Ukraine's economy.

We already have a roadmap. These are projects that we are discussing with our partners and that have already been filled with details. We are working intensively with our allies to create a large credit line for Ukraine's recovery and integration with the EU for 5 years at 0%. These are funds for construction, repair, logistics, education, etc

- Shmyhal said.

Addendum

Ukraine expects to receive €4.5 billion from the EU and $900 million from the IMF in March .

News by theme

The Cabinet of Ministers has adopted a decision to raise funds from the IBRD and Canada

The Cabinet of Ministers of Ukraine has adopted a resolution allowing Ukraine to receive a USD 1. 5 billion loan from the International Bank for Reconstruction and Development.

Economy • March 5 2024, 04:36 PM  •  31722 views
The Cabinet of Ministers has adopted a decision to raise funds from the IBRD and Canada

EU countries unveil €1.5 billion plan for defense industry development

In response to Russia's invasion of Ukraine, the EU unveiled a €1. 5 billion plan to develop the continent's arms industry with the aim of increasing joint arms purchases between member states and reducing dependence on imports.

War • March 5 2024, 04:32 PM  •  29875 views
EU countries unveil €1.5 billion plan for defense industry development

russians attack Sumy region with cluster bombs: locals are asked to be careful

russian troops dropped cluster bombs with explosive elements in the Sumy region. Authorities urged local residents to be careful with any unexploded ordnance.

War • March 5 2024, 04:22 PM  •  25403 views
russians attack Sumy region with cluster bombs: locals are asked to be careful

The Government dismissed the Deputy Head of the State Agency for Infrastructure Recovery and Development

The Cabinet of Ministers has dismissed the deputy head of the State Agency for Infrastructure Restoration and Development, who had held the post since January.

Politics • March 5 2024, 04:12 PM  •  23617 views
The Government dismissed the Deputy Head of the State Agency for Infrastructure Recovery and Development

Rapid Recovery Program: Government allocates UAH 9.3 billion for 13 regions

The Ukrainian government has allocated an additional UAH 9. 3 billion for 13 regions to repair homes, schools, hospitals and critical infrastructure damaged during the war through the Rapid Recovery Program.

Economy • March 5 2024, 04:11 PM  •  25381 views
Rapid Recovery Program: Government allocates UAH 9.3 billion for 13 regions

TikTok, YouTube, and WhatsApp: a number of popular services have also been down

Serious global outages were reported for many popular services such as Facebook, Instagram, Twitter, YouTube, Gmail, WhatsApp, and TikTok, as users were unable to log in or update their pages.

News of the World • March 5 2024, 04:10 PM  •  24170 views
TikTok, YouTube, and WhatsApp: a number of popular services have also been down

Hungary finalized ratification of Sweden's accession to NATO

The President of Hungary signed Sweden's instrument of ratification to join NATO, thus giving final approval for Sweden to join the Alliance.

News of the World • March 5 2024, 04:06 PM  •  22654 views
Hungary finalized ratification of Sweden's accession to NATO

Border guards tried to bribe 968 times over the past 2 years - SBGS

Over the past two years, border guards have prevented 968 bribery attempts totaling more than UAH 10 million.

Society • March 5 2024, 03:51 PM  •  26581 views
Border guards tried to bribe 968 times over the past 2 years - SBGS

Macron said he "accepts" his call for a "strategic start" and warned against a "spirit of defeat"

French President Emmanuel Macron embraced his call for a "strategic leap" in support for Ukraine and warned against showing defeatism, saying Western allies must step up their actions.

War • March 5 2024, 03:48 PM  •  26057 views
Macron said he "accepts" his call for a "strategic start" and warned against a "spirit of defeat"

Meta suffered a large-scale failure: what is known

Users are unable to log in to Facebook, Instagram, and Messenger as the social networks have suffered a global outage.

Technologies • March 5 2024, 03:42 PM  •  23210 views
Meta suffered a large-scale failure: what is known