The money will be used for pension and salary payments for health workers under the medical guarantee program.
Ukraine’s state budget received about $400 million guaranteed by Great Britain through the World Bank’s trust fund. The Ministry of Finance announced this on Thursday, November 23.
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“The funding will be used to partially cover the costs of the state budget of Ukraine incurred to restore pension and wage payments for health workers under the medical guarantee program,” the statement said.
It is indicated that this money is part of the fifth additional financing of the project “Supporting public expenditures to ensure sustainable public administration in Ukraine” PEACE in Ukraine.
The loan is given on preferential terms: the repayment period is 19 years with a 5-year grace period.
The total amount of financial aid to the UK from February 2022 is $2 billion.
It was previously known that the UK, together with its partners, is implementing an Emergency Assistance Plan for Ukraine over the winter. It cost £127 million.
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Source: korrespondent
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.