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Within two months, Ukraine hopes to win the second tranche of EU

Wednesday, February 13, 2019
Within two months, Ukraine hopes to win the second tranche of EU

Within two months, Ukraine hopes to win the second tranche of EU €500 million macro-financial aid, Finance Minister Oksana Markarova told reporters at Dragon. At the same time, she is negotiating a new loan guarantee with the World Bank and new low interest loans with G7 countries. In December, the World Bank extended a $750 million guarantee, enough for the government to borrow $1 billion at low rates. “Our priority is concessional lending,” Markarova said. She aims to use low-interest loans to help Ukraine lower its indebtedness to 50% of GDP by 2021.

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