KYIV — The Ukrainian government has confirmed the receipt of $1.34 billion in support, aimed at bolstering its administrative capabilities amid ongoing challenges. This financial aid package, announced on Monday by Ukraine’s finance ministry, comprises a combination of loans and grants.
Details provided by the ministry indicate that the World Bank has extended a loan of $1.086 billion to Ukraine. Additional funds were secured through grants, including $190 million from Norway, $50 million from the United States, and $20 million contributed by Switzerland.
Ukraine’s finance minister, Serhiy Marchenko, underscored the importance of this international financial support, stating that it plays a crucial role in upholding the country’s financial and economic stability. Marchenko highlighted that the aid is essential for ensuring the continuity of vital social services during times of conflict.
This report was prepared by Pavel Polityuk and was subsequently refined by editors Kirsten Donovan and Andrew Cawthorne.
Ukraine has received $1.34 billion from the World Bank for public expenditure support aimed at bolstering the country’s administrative capacity amidst the war. This financial package includes a $1.086 billion loan from the World Bank, a $190 million grant from Norway, $50 million from the United States, and $20 million from Switzerland. Ukraine’s Finance Minister Serhiy Marchenko highlighted the importance of this international financial assistance in maintaining the nation’s financial and economic stability, enabling the government to cover priority social expenses during the conflict. The announcement was made by the Ukrainian finance ministry on a Monday.
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