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Ukraine received billions of dollars from the World Bank

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Ukraine received billions of dollars from the World Bank

Ukraine received about $5 billion from the World Bank through the “PEACE in Ukraine” investment project.

Oku.Az reports that the Prime Minister of Ukraine Denis Shmygal reported about this on the “Telegram” channel.

“Ukraine received 4.8 billion dollars from the World Bank within the framework of the PEACE project. This is the largest investment project in the history of the bank to support our country in the implementation of reforms, the social and educational sectors, the health care, agricultural producers, as well as recovery projects,” Shmygal said.

According to his words, since February 2022, almost 50 billion dollars have already been attracted through the mechanisms of the World Bank.

As noted by the Ministry of Finance of Ukraine on the “Telegram” channel, the purchase of this aid was made possible thanks to an American grant of 1.6 billion dollars and funds from other development partners. The $4.8 billion loan will be used to cover basic social and humanitarian costs.

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