Funds will be provided by Norway, Austria and the United States.
Ukraine will receive from the World Trust Fund additional € 495 million in grants from the Bank under the Second Loan Development Policy Program. Relevant amendments to the Grant Agreement were signed today by Finance Minister Serhiy Marchenko and the World Bank Regional Director for Eastern Europe (Belarus, Moldova and Ukraine) Arup Banerjee. This was reported by the press service of the Ministry of Finance.
The donors under this agreement will be Norway, Austria and the United States.
The money will go to the General Fund of the State Budget of Ukraine to provide priority social, humanitarian, health expenditures, support for internally displaced persons.
The Trust Fund was established by the International Bank for Reconstruction and Development and the International Development Association. Denmark, Iceland, Latvia, Lithuania, Great Britain, Norway, Austria and the United States have already sent funds to it.
Read also: The war will reduce Ukraine's GDP by 45% – World Bank forecast
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It will be recalled that IMF Chairman Kristalina Georgieva stated that Ukraine will need $ 5 billion a month over the next three months to close all the holes caused by the Russian invasion. on the country's finances. She also added that the fund will discuss Ukraine's financial needs with Ukraine's partner governments.
See the special topic: rocket “He stressed that the purpose of such statements by Russia is to sow panic and destroy unity in Europe. Norway closes borders and ports for Russian trucks and ships However, with exceptions for certain areas of the country and parts of Russian ships. NYT: The war in Ukraine has made America an arsenal of democracy again Thanks to the American Lend-Lease, Ukraine is now on its side in defending itself from Russian aggression. The head of the Zaporizhzhya OVA denied information about the theft of Scythian gold by the Russian military According to him, the authorities took the most valuable items from museums in the region to other regions of Ukraine in March. The Economist: How rotten is Russia's army? The failure of the war against Ukraine destroys Moscow's last argument as to why it should be considered a global player, but even so Putin remains very dangerous.
