Ukraine provided € 495 million in additional grant assistance from the World Bank
Ukraine received € 495 million in grant assistance from the World Bank Trust Fund.
This was reported press service of the Ministry of Finance of UkraineUkrinform reports.
“Finance Minister Serhiy Marchenko and World Bank Regional Director for Eastern Europe (Belarus, Moldova and Ukraine) Arup Banerjee have signed amendments to the Grant Agreement to be provided to Ukraine from the World Bank Trust Fund under other economic development policy positions. recovery “, – the section in messages.
According to these changes, within the framework of the agreement Ukraine within Norway, Austria and the USA additional payment grants (in one grant) in the amount of 495 million euros.
As an emphasis, the proceeds from this are directed to the general fund of the State Budget of Ukraine to ensure priority social, humanitarian expenditures, health care expenditures, support for internally displaced persons.
It is noted that contributions to the Trust Fund have already been received from Denmark, Iceland, Latvia, Lithuania, the United Kingdom, Norway, Austria and the United States.
As reported, during the Spring Meeting of the IMF and the World Bank, the Ministry of Finance offered international partners several options for financial support to Ukraine, including an administrative special IMF account for crediting funds from the reporting country and the World Bank Trust Fund. According to Finance Minister Serhiy Marchenko, it is important for Ukraine to support aid through grants, which allows it to maintain debt security at the appropriate level.