Ukraine’s international reserves rose to $20.7 billion after the receipt of a 349.3 million euros loan from Deutsche Bank under the World Bank guarantee on Dec. 27, the press service of the National Bank of Ukraine (NBU) has told Interfax-Ukraine.
“The last time the reserves exceeded the specified figure in October 2013,” the press service noted.
As reported, the World Bank Board of Executive Directors on Dec. 18 approved the provision of guarantees to Ukraine in the amount of $750 million in support of state policy.
According to a press release from the World Bank, this guarantee will help Ukraine attract about $1 billion in international markets to the national budget.
