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Ukraine receives $100 million from the World Bank

Sep 25, 2023

The World Bank has provided $100 million for Ukraine under a guarantee from the United Kingdom. The funds will be used to cover state budget expenditures.


This was reported by RBC-Ukraine with reference to the press service of the Ministry of Finance of Ukraine.

According to the ministry, these funds are part of the fifth additional financing of the project "Support to Public Expenditures for Sustainable Public Administration in Ukraine" PEACE in Ukraine.

They are to be used to cover the state budget expenditures for reimbursement of pension payments in July 2023.

"I am grateful to the UK government and the World Bank team for their constructive cooperation and mobilization of financial resources for Ukraine's urgent budgetary needs. Thanks to the funds provided, we can continue to maintain macro-financial stability and ensure priority state budget expenditures," said Finance Minister Sergii Marchenko.

At the same time, the total amount of financial assistance provided by the UK since February 2022 is USD 1.6 billion.

Author - Serhii Kolomiets, 26/09/2023

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