The World Bank will consider a decision to allocate funds to finance the budget deficit and restore Ukraine’s infrastructure.
In November, the World Bank may approve additional financial assistance for Ukraine in the amount of one billion dollars, the press service of the Ministry of Economy reported on Friday, September 16.
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“It will be both direct lending and financial guarantees and trade finance instruments. It is expected that such financing will also mobilize private loan capital, since the IFC usually finances no more than 30% of the project cost , involving commercial banks in the financial agreement, ” said the deputy minister. economics Alexander Griban.
Thus, the total amount of financing for projects of Ukrainian enterprises will reach more than 3.3 billion dollars.
The World Bank is also working with the European fund for sustainable development (EFSD), to which they have already sent a request for $2 billion. These funds are also planned to be used to introduce financial instruments in support of Ukraine.
At the same time, in October, the World Bank will present a trust fund to support Ukraine, including the allocation of $36 billion to finance next year’s budget deficit and also $17 billion to restore Ukraine’s infrastructure and economy.
It was noted that the amount of $17 billion should cover the basic needs for the restoration of critical infrastructure and the provision of insurance for foreign investments.
According to the Ministry of Finance, since the beginning of the war with Russia, Ukraine has received $17.422 billion from partners, or 52% of declared aid totaling $33.325 billion.
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Source: korrespondent
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