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RESOLUTION OF THE CABINET OF MINISTERS OF UKRAINE

of April 19, 2021 No. 369

Some questions of implementation of the investment project "Additional Financing for Counteraction of COVID-19 within the Project of Access to Long-term Financing", joint with International Bank for Reconstruction and Development

The Cabinet of Ministers of Ukraine decides:

1. Recognize reasonable attraction of loan by "National Export-import Bank of Ukraine" joint-stock company from the International Bank for Reconstruction and Development for implementation of the investment project "Additional Financing for Counteraction of COVID-19 within the Project of Access to Long-term Financing" in the amount of 100 million US dollars.

2. Determine that:

1) the payment for provision of the state guarantee for ensuring accomplishment of obligations on the loan attracted to implementation of the investment project "Additional Financing for Counteraction of COVID-19 within the Project of Access to Long-term Financing", joint with the International Bank for Reconstruction and Development (further - warranty obligations), constitutes 0,05 of annual interest rate of the chosen and outstanding loan amount;

2) the "National Export-import Bank of Ukraine" joint-stock company provides accomplishment of the obligations on expense recovery of the government budget connected with accomplishment of warranty obligations in amounts and procedure which are determined by the agreement signed by the specified society with the Ministry of Finance, way:

transfers of right to claim of debt according to credit contracts which are signed by the specified society within project implementation;

contractual write-off by National Bank from the account of such society for benefit of the Ministry of Finance upon the demand of the Ministry of 20 percent of expense amount of the government budget connected with accomplishment of warranty obligations;

charges of penalty fee in the amount of double discount rate of National Bank for each overdue day, expense recoveries of the government budget.

Prime Minister of Ukraine

D. Shmygal

 

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