The Government will attract a concessional loan from the World Bank for more than USD 1 billion – Shmyhal

The Ukrainian government is attracting more than $1 billion in concessional loans from the World Bank, with support from the governments of Japan and the United Kingdom. In addition, an additional 150 million euros from the European Union will be used to restore port infrastructure and implement rapid recovery projects. This was announced by Prime Minister Denys Shmyhal during a government meeting, UNN reports.

Today, we are also making a decision to attract a concessional loan from the World Bank for more than $1 billion. These funds have been accumulated thanks to the governments of Japan and the United Kingdom. We are grateful for this support

He noted that another important decision made today involves attracting an additional €150 million from the European Union. These funds will be used to restore port infrastructure and implement rapid recovery projects.

Of this amount, €65 million will be allocated to finance the free meals program for primary school students in 2025. This initiative of the President of Ukraine, which has already been successful, is now provided with the necessary resources to continue next year.

Recall 

Yesterday, the Prime Minister of Ukraine met with the IMF mission led by Gavin Gray in Kyiv. Ukraine expects to receive a $1.1 billion tranche in late December after fulfilling all structural benchmarks.

World Bank allocates $750 million to Ukraine: what will the funds be used forNov 8 2024, 06:19 AM • 17251 view