World Bank allocates $1.34 billion to Ukraine. Where funds will be directed
The World Bank has allocated $1.34 billion to support Ukraine, which will be used for priority state budget expenditures, namely pensions, teacher salaries, and IDPs
This was announced by the Prime Minister of Ukraine Denys Shmyhal.
According to him, these funds will be used to pay pensions, teacher salaries, support IDPs and other priority state budget expenditures.
The majority of this funding package comprises $1.086 billion from the Japanese government, with the remaining portion consisting of grants from the United States, Switzerland, and the Ukraine Relief, Recovery, Reconstruction, and Reform Trust Fund (URTF).
"Financial assistance from international partners gives us the opportunity to ensure Ukraine's macro-financial stability and direct all domestic resources to the needs of our army," Shmyhal wrote.
- On December 14, the Swedish government approved a €124 million aid package for Ukraine announced by Prime Minister Ulf Christerson. The funds will be directed towards civilian infrastructure.