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Espreso Global aid to Ukraine Ukraine receives $760mln from Japan and Norway: what funds will be used for

Ukraine receives $760mln from Japan and Norway: what funds will be used for

28 February, 2024 Wednesday
18:30
aid to Ukraine

Ukraine's state budget received $760 million from the governments of Japan and Norway. Part of the funds will be used to pay pensions

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This was reported by the press service of the Ministry of Finance.

The funds were provided on a non-refundable basis as part of the World Bank's Public Expenditure Assistance for Sustainable Governance in Ukraine (PEACE in Ukraine) project.

"The funds will be used to partially compensate for the expenditures of the state budget of Ukraine not related to the security and defense sector, in particular, pension payments, payments to employees of the State Emergency Service (SES) and salaries for teachers," the press service of the Ministry of Finance informed.

In 2024, Ukraine has already received about $1.2 billion in external financial assistance from donors through World Bank projects. Of these, almost 75% are grants.

  • At the end of December 2023, Ukraine received $1.34 billion as the sixth additional financing under the World Bank's social sector support project.
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Ukraine
Japan
Norway
Russia-Ukraine war
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