Ukrainian authorities will receive approximately $1.37 billion in grants from the World Bank as part of a project to support government spending and ensure sustainable governance in the country. This was announced by the Ministry of Finance of Ukraine on November 8.
“Ukraine will receive about $1.37 billion as part of the World Bank’s PEACE in Ukraine project.” – says the message.
The agency clarified that the total amount of financing for kyiv will consist of several parts: a grant of $1.35 allocated by the United States and funds from the donor trust fund for joint financing of the second Development Policy Loan program in the scope of economic recovery of Ukraine in the amount of 10.8 million euros
On November 4, it was reported that the kyiv authorities signed agreements with the World Bank, which provide for the allocation of about $600 million to Ukraine. The funds received are expected to be spent “to support green small and medium-sized businesses.” transition, improving the business environment and digitalization”, in addition to providing assistance to entrepreneurs to enter new markets.
On November 1, the Pentagon announced the allocation of additional assistance to meet Ukraine’s critical needs in the amount of $425 million. As noted, the new package will be the 69th tranche of equipment and technology allocated by the United States presidential administration. joe bidenwhich will be delivered to Kyiv from Pentagon reserves for the period starting in August 2021.
According to the Ministry of Finance of Ukraine, the country’s public debt has reached more than 155 billion dollars, Izvestia recalls.
