MF: Govt approves up to EUR 300m loan from CEB

(ČIA) Czech government agreed on June 8, 2020, to enter into a loan agreement of up to EUR 300m (ca. CZK 8bn) from the Council of Europe Development Bank (CEB). The purpose of the loan is to finance healthcare expenditure in order to combat the spread and mitigate the effects of coronavirus infection. The Ministry of Finance (MF) has informed that the conditions for the loan are currently at the level of 0.000% p.a. with a maturity of up to 9 years. Funding from the CEB may reach up to a maximum of 90% of the total eligible expenditure.



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