Ukraine to receive EUR 495M more in grant funding from World Bank

Ukraine to receive EUR 495M more in grant funding from World Bank

Ukrinform
Ukraine will receive EUR 495 million more in grant funding from the World Bank’s Trust Fund.

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

“Ukrainian Finance Minister Sergii Marchenko and World Bank Regional Director for Eastern Europe (Belarus, Moldova and Ukraine) Arup Banerji signed amendments to the Grant Agreement to be awarded to Ukraine from the World Bank Trust Fund under the Second Economic Recovery Development Policy Loan,” the report states.

Under this additional agreement, Ukraine will receive extra grant funds (as part of one grant) from Norway, Austria and the United States in the amount of EUR 495 million.

According to the ministry, these funds will be directed to the general fund of the State Budget of Ukraine to ensure priority social and humanitarian expenditures, healthcare expenditures, and support for internally displaced persons.

A reminder that contributions to the World Bank’s Trust Fund have already been made by such countries as Denmark, Iceland, Latvia, Lithuania, the United Kingdom, Norway, Austria and the United States.

mk


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2022 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period:
-