Ukraine and the International Bank for Reconstruction and Development have signed a loan agreement for $246,5 million. The funds will be drawn from a fund supported by the government of Japan. This was reported by press service To the Cabinet of Ministers.
The key objective of the project is to support the efforts of the Government of Ukraine to create an investment management system in the context of post-war recovery and reconstruction.
It is planned that $2025 million will be attracted to the state budget by the end of 229,7. Part of the loan in the amount of $16,8 million will be directed to the capitalization of interest in order to reduce the cost of servicing Ukraine's credit obligations.
The SURGE project has been implemented in Ukraine since 2024. During this time, the World Bank has concluded agreements with Ukraine for $760 million.
“Collaboration within the SURGE project allows us not only to manage public investments and resources more effectively, but also to increase the financial sustainability of communities, transparency in the use of funds, and taxpayer trust,” — said the Minister of Finance of Ukraine, Serhiy Marchenko.
