Ukraine received $1.34 bln under World Bank project
Ukraine received $1.34 billion under the World Bank's public expenditures for administrative capacity endurance in Ukraine, the Ukrainian finance ministry said on Monday.
The ministry said in a statement the financing consisted of a $1.086 billion loan from the World Bank, $190 million grant from Norway, $50 million grant from the United States and $20 million grant from Switzerland.
The ministry said the funds would be used to partially compensate for non-security and defence-related expenditures of the Ukrainian state budget, including old-age social payments and payments to employees of the state emergency service.
"International financial assistance is a significant contribution to maintaining Ukraine's financial and economic stability and allows us to provide priority social expenditures during the war," Ukraine's finance minister Serhiy Marchenko said.
Most Read News
-
Volcanic ash continues to disrupt flights in Indonesia
-
Lebanon backs UNIFIL mandate renewal, welcomes European
-
EU condemns 'glorification' of late convicted war
-
Japan says it scrambled military jets for 4 days after
-
Belgian football federation refuses to back Infantino’s
-
AfD sets sights on German federal elections after state
-
Volkswagen, Israeli firm agree on sale of Osnabrueck
-
Susan Sarandon says support for Palestinians still











