Additional financing support of 4.5 billion dollars from the World Bank to Ukraine

The World Bank announced that it will provide Ukraine with an additional $4.5 billion in financing.

In the written statement made by the bank, it was noted that the financing package consisted of a grant of 4.5 billion dollars provided by the USA.

In the statement, it was stated that additional financing of $ 4.5 billion will be provided under the “Public Expenditure Project for Administrative Capacity Resilience in Ukraine” to help the Ukrainian government meet the urgent needs caused by the ongoing war.

The additional financing will contribute to the maintenance of the administrative and service delivery capacity of the government to fulfill its basic functions at the national and regional levels, and will assist the Ukrainian government in mitigating the social and economic effects of the war and meeting the social payments, health care and pensions necessary for the well-being of the citizens of the country. expressed.

World Bank President David Malpass stressed that Ukraine needs government services, including health, education and social protection, to prevent further deterioration of living conditions and poverty.

“We are grateful to the United States and our partners for their continued support through our rapid support mechanisms and their generous donations that will greatly support the Ukrainian people.” made its assessment.

The World Bank announced in June that it had approved $1.49 billion in additional financing for Ukraine.

To date, the bank has mobilized approximately $13 billion in emergency financing to support the continuity of essential government services and help mitigate the humanitarian and economic impacts of war.

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