France Grants €300-Million Loan To Ukraine |nigeria news today headlines update today

France Grants €300-Million Loan To Ukraine

As a part of the international support provided to ukraine, France has today granted a fund loan of €300 million to the Ukrainian Government to fulfill its financial, economic and humanitarian needs – communique issued by the Ministry of the Economy, Finance and also the Recovery

France is actively contributing to the european and international financial effort of solidarity with ukraine, to assist it face up to its financing needs, at a time once the country’s humanitarian, financial and economic scenario has sharply deteriorated since the invasion by Russia.

France Grants €300-Million Loan To Ukraine |nigeria news today headlines update today
France Grants €300-Million Loan To Ukraine |nigeria news today headlines update today

As part of the commitment made by the French President, the Minister of the Economy, Finance and the Recovery, Bruno le Maire, asked the Chief military officer of the French Development Agency (AFD) to urgently set in motion a budgetary loan of €300 million for ukraine, to assist the country face up to the economic and social consequences of the conflict under way. The AFD’s board approved this operation, carried out on the State’s behalf.

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On twenty nine March 2022, a credit agreement for the operation was reached between ukraine and France, via the AFD. the actual payment of the funds are made within the coming days. This funding could be a practical demonstration of France’s solidarity with the Ukrainian Government and people.

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