The Russian government approved a decision on taking a loan in the International Bank for Reconstruction and Development. " The loan amount will be $ 25 million, which will finance gosproekta "Promoting the level of financial literacy and the development of financial education in the Russian Federation", - the disposal of Prime Minister Vladimir Putin signed on 12 February. Document prescribed by the Ministry of Finance to sign an agreement with the bank on behalf of the Russian Federation, federal and other authorities jointly with stakeholders to undertake the activities listed in the program. According to the loan agreement, the loan term is 14 years, which will include a 5-year grace period. The overall cost of improving the financial literacy of $ 113 million, the remaining portion ($ 88 million) will be allocated from the budget.
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