Ukraine signed a 200 million euro loan agreement with the Italian Republic
Sergii Marchenko signed a loan agreement of 200 million euros concluded between Ukraine represented by the Ukrainian Minister of Finance as a borrower and the Government of the Italian Republic represented by the Italian Minister of Economy and Finance as a creditor.
“The Italian government was the first partner to support Ukraine after the full-scale invasion began. And today, I am pleased to sign a new loan agreement that will help the Ukrainian government preserve financial stability and continue to cover priority social spending for the benefit of our citizens. I am grateful for such strong support for Ukraine in appalling circumstances, which is a demonstration of strong friendship and reliable partnership between our countries,” said Finance Minister Sergii Marchenko.
The financial terms of the loan are concessional – the loan is granted for a period of 15 years, with a grace period of 7.5 years, and applies an interest rate of zero percent.
The funds will be allocated from the state budget with the aim of covering the salaries of teachers in general secondary education institutions.