Ukraine received $1.5 billion from the World Bank - Shmyhal

Today, Ukraine has received $1.5 billion from the World Bank to be used for social, humanitarian and recovery purposes. In total, Ukraine will receive more than $9 billion in support in March. This was announced by Prime Minister Denys Shmyhal during a government meeting, UNN reports.

"Working with international partners remains among the main tasks of our Government. In March this year, Ukraine will receive record budgetary funding from our allies for the entire period of the war and for the entire history of independence. We are talking about more than $9 billion," said Shmyhal.

He noted that Ukraine will receive €4.5 billion from the European Union under the Ukraine Facility, $1.5 billion from Canada, $880 million from the IMF, and $230 million from Japan.

"Also today, Ukraine's accounts have received $1.5 billion from the World Bank. These are funds to support development policy (DPL), which we will use for social, humanitarian and recovery purposes. We are grateful to the World Bank, we are grateful to Japan, the UK, the EU, Canada, the IMF and all our partners who support Ukraine. These are extremely important resources that help our Government to finance all critical budget expenditures. In particular, we are talking about pensions," added Shmyhal

According to him, in March, more than 10 million pensioners received indexed payments totaling UAH 62 billion on time.

Shmyhal also said that pensions for working pensioners are to be increased starting April 1. The prime minister also reminded about the increase in the minimum wage from UAH 7100 to UAH 8 thousand starting April 1.

Recall

On March 26, Ukraine received $880 million from the IMF as the third tranche of financial support under the Extended Fund Facility program to cover priority budget expenditures and maintain macrofinancial stability.