Ukraine receives EUR 88.5M in grant aid from World Bank

Ukraine receives EUR 88.5M in grant aid from World Bank

Ukrinform
On April 29, 2022, Ukraine received EUR 88.5 million in grant aid from the World Bank’s Donor Trust Fund.

The relevant statement was made by the Ukrainian Finance Ministry, an Ukrinform correspondent reports.

“Today Ukraine’s state budget general fund has received a grant of EUR 88.5 million. These funds were provided by the World Bank on a non-repayable basis from the Donor Trust Fund under the Second Economic Recovery Development Policy Program for Ukraine,” the report states.

According to the ministry, these funds will be used to ensure priority social, humanitarian, healthcare expenditures and support for internally displaced persons.

A reminder that the relevant agreement was signed between Ukraine and the World Bank on April 21, 2022.

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