The proceeds will be used to partially cover the costs of the state budget of Ukraine for the payment of pensions.
Ukraine received $100 million from the World Bank under a UK guarantee. The Ministry of Finance announced this on Monday, September 25.
“The specified funds are part of the fifth additional financing of the project Supporting public expenditures to ensure sustainable public administration in Ukraine PEACE in Ukraine,” the statement said.
The proceeds will be used to partially cover the costs of the state budget of Ukraine made to restore pension payments for July 2023.
“I thank the UK government and the World Bank team for their constructive cooperation and mobilization of financial resources for Ukraine’s urgent budgetary needs. state budget expenditures,” said Finance Minister Sergei Marchenko .
The total value of UK financial aid to Ukraine from February 2022 is $1.6 billion.
We remind you that on September 21, the United States gave Ukraine a grant of $1.25 billion. This money is given on non-refundable terms.
And the next day, Ukraine received 1.5 billion euros from the European Union. Overall, the budget support from the EU in 2023 already reaches 13.5 billion euros.
New Correspondent.net on Telegram. Subscribe to our channel Athletistic
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.