NIB provides Covid-19 mitigation loan to Republic of Estonia

  • 2020-03-30
  • TBT Staff
The Nordic Investment Bank (NIB) and the Republic of Estonia have signed a 15-year loan agreement of EUR 750 million to help finance the measures taken to curb the immediate impact of the coronavirus Covid-19 pandemic on the economy and society. The Covid-19 mitigation loan will cover a part of Estonia’s increased expenditures, primarily: - Additional direct expenditure for the healthcare system and civil protection services; - Compensation to employees for forced unpaid leave from work and/or loss of salary due to self-isolatio...
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