“It is known that the $1 billion that will be included in the tranche is a grant from the World Bank’s FORTIS Ukraine FIF fund.”, — write: www.unian.ua
It is known that the $1 billion that will be included in the tranche is a grant from the World Bank’s FORTIS Ukraine FIF fund.
The World Bank approved the provision of a new tranche of financing for Ukraine / photo worldbank.orgOn Wednesday, December 18, 2024, the executive board of the World Bank approved providing Ukraine with $2.05 billion. For the first time, part of this amount will be covered by a US loan at the expense of Russia’s frozen assets.This is stated in the press release of the World Bank. The new tranche of financial assistance will include a $1.05 billion loan. Ukraine will receive these funds through the Trust Fund for Ukraine at the expense of the resources of the International Bank for Reconstruction and Development.
Another 1 billion dollars, which will be included in the tranche, is a grant from the World Bank Fund “Facilitating the attraction of resources for investments in strengthening financial intermediation in Ukraine” (FORTIS Ukraine FIF). It was to this fund that the US previously transferred 20 billion dollars, secured at the expense of revenues from the frozen assets of the Russian Federation.
“Despite significant challenges, the Government of Ukraine has stabilized the economy and continues to focus on its development goals, in particular its ambition to join the European Union. Significant progress has been made and Ukraine continues to move forward in its efforts to implement reforms to create a dynamic market economy. Group The World Bank and our international partners will continue to support the Ukrainian people in realizing their aspirations for the EU,” said Bob Zaum, Director of the World Bank for Eastern Europe.
Financial assistance to UkraineOn December 18, the state budget of Ukraine received a tranche from the European Union. We are talking about 4.1 billion euros provided within the financial instrument Ukraine Facility. Of this amount, 1.5 billion euros is a grant. The funds will be directed to the priority needs of the state budget in the social and humanitarian sphere.
Earlier it became known that Ukraine will receive a loan of 20 billion dollars from the United States, which will be repaid with income from frozen Russian assets. At that time, it was noted that these funds will not be transferred directly – they will be transferred to the Fund for the Promotion of Investments in Strengthening Financial Intermediation in Ukraine (FORTIS Ukraine FIF) of the World Bank, through which they will be available to Ukraine.
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