Ukraine will receive $4.8 billion from the World Bank: what will the funds be used for
Kyiv • UNN
The Cabinet of Ministers has decided to raise $4.8 billion from the World Bank as part of the PEACE project. Funding from the United States and partners will be used for social and humanitarian programs.
The Cabinet of Ministers of Ukraine has adopted a decision that will allow attracting $4.8 billion from the World Bank. This was announced by Prime Minister Denys Shmyhal following a government meeting on Friday on Telegram, UNN reports.
Details
"Ukraine will receive $4.8 billion from the World Bank. Today we have made a decision that will allow us to attract these funds under the PEACE project. This is aid funded by the United States and development partners," Shmyhal wrote.
He noted that this support will be directed to key social and humanitarian programs.
"Since the start of the full-scale invasion, the government has already attracted more than $100 billion in external financing," Shmyhal said.
Addendum Addendum
Ukraine and the International Bank for Reconstruction and Development signed a memorandum of understanding .
