MF submits proposal to negotiate loan from CEB

(ČIA) The Czech Ministry of Finance (MF) has submitted for inter-ministerial comment procedure a draft document after whose approval the Czech Republic will have the possibility to draw a loan of roughly CZK 8.3bn under advantageous terms from the Council of Europe Development Bank (CEB). The intention is to finance healthcare expenditures with the objectives of fighting the spread of the coronavirus and of mitigating the impacts of coronavirus infections. Finance Minister Alena Schillerová (for ANO) said that if the draft were approved, the Czech Republic would be drawing the loan only if it were more advantageous than for instance issuing state bonds.



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