Ukraine received 4.8 billion dollars from the World Bank
news.online.ua
Wed, 27 Nov 2024 14:11:00 +0200
Ukraine received a new tranche of financial aid from the USA Ukraine received 4.8 billion dollars from the World Bank within the framework of the PEACE project.
This is the largest investment project in the history of the bank, launched to support our state in the implementation of reforms, social and educational spheres, the sphere of health care, agricultural producers, as well as reconstruction projects.
Denis Shmyhal Prime Minister of Ukraine Since the beginning of the fullscale war, Ukraine has already received almost 50 billion dollars through the mechanism of the World Bank.
We are extremely grateful to the United States and development partners, who finance assistance within the framework of the PEACE project, noted Denys Shmyhal.
What is known about the previous grant to Ukraine from the World BankOn November 15, the United States provided Ukraine with 1.35 billion in nonrefundable aid.
According to the Ministry of Finance, the project is aimed at partial coverage of state budget expenditures, including the implementation of social and humanitarian programs not related to the defense sphere.The grant agreement provides for the involvement of Ukraine in a tranche within the framework of the PEACE in Ukraine Project.1.35 billion US dollars a grant from the United States of America10.8 million euros funds from the Trust Fund of many donors for cofinancing the Second Loan Program for development policy in the field of economic recovery for UkraineSince the beginning of the fullscale invasion, thanks to the PEACE in Ukraine project, the Ministry of Finance has already attracted almost 28 billion US dollars and more than 1.4 billion euros of budget support.
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