OREANDA-NEWS. June 02, 2014. A Loan Agreement (Development Policy Loan 1) between Ukraine and the World Bank for Reconstruction and Development was signed.

The loan is attracted for 16 years with a 7-year privileged period with the variable interest rate for 6 months LIBOR + variable spread (as of signing date – 0.59%), one-time interest on the loan – 0.25%.

The development objectives in the framework of the project are to promote strategic and institutional reforms directed to overcoming crisis phenomena and stabilizing of the financial and economic situation within the country, as also to lay the basis for the sustainable and balanced growth in Ukraine.