Funding will be used to support the budget – wages and social costs, as well as critical recovery needs.
The World Bank will create a special financial trust fund for Ukraine, its size will be at least $10 billion. The corresponding decision has already been approved by the Board of Directors of the World Bank, said Prime Minister Denis Shmygal.
“The Board of Directors of the World Bank approved the creation of a special financial trust fund for Ukraine The size of this fund will be at least $10 billion The main donors are the United States and several other countries, and in the future The size of the fund may increase when other donors join it “, he said.
Shmygal said that the funds of the fund, first of all, will be used to support the budget – wages and social expenses, as well as critical restoration needs.
It was previously reported that the World Bank will allocate $415 million for an educational project in Ukraine.
We remind you that the European Union has agreed to a loan to Ukraine of €35 billion, which will be repaid with Russian fixed assets.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.