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Ukraine Will Receive EUR 200 Million Interest-Free Loan From Italy

On July 12, the Cabinet of Ministers of Ukraine adopted a resolution on the attraction of an interest-free loan from Italy in the amount of EUR 200 million through the IMF Administrated Account.

The money will be directed to the state budget of Ukraine to finance the salaries of teachers in institutions of general secondary education.

The loan is granted for 15 years. The loan has zero interest rate.