World Bank to Provide Ukraine With $841 Million: What Will the Funds Be Used For?
Фото: Національний банк України
Ukraine will soon receive $841 million in World Bank budget support, guaranteed by the Government of Canada. The funds will reimburse the state budget for pension payments, helping ensure timely financing of social obligations.
Ukraine’s Prime Minister, Serhiy Koretsky, announced this.
The World Bank’s assistance to Ukraine is provided under the PEACE in Ukraine project.
“Ukraine will soon receive $841 million in budget support from the World Bank under guarantees from the Canadian government. The funds are provided within the framework of the PEACE in Ukraine project. They will be used to reimburse the state budget for pension payments,” Koretsky said.
The prime minister emphasized that international financial support remains important for Ukraine amid a budget deficit and the burden on public finances.
He also thanked the Canadian government and the World Bank for their assistance.
As a reminder, in June, Ukraine received 236 million euros from the World Bank as part of the PEACE in Ukraine project. These funds were also directed to priority social expenditures, including pension payments.
In addition, on September 11, Ukraine and Canada agreed on new assistance packages and joint initiatives. The support covers defense, energy, reconstruction, and other areas.
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