Ukraine's Finance Ministry said on December 25 that the country received $1.34 billion under the World Bank's public expenditures package. It said the financing consisted of a $1.086 billion loan from the World Bank, a $190 million grant from Norway, a $50 million grant from the United States, and a $20 million grant from Switzerland. The ministry said funds would be used to partially compensate for nonsecurity and defense-related expenditures of the Ukrainian state budget, including pension payments. "International financial assistance is a significant contribution to maintaining the financial and economic stability of Ukraine and allows us to ensure priority social expenditures during the war," Finance Minister Serhiy Marchenko said. To read the original story by RFE/RL's Ukrainian Service, click here.
Ukraine Received $1.34 Billion Under World Bank Project, Says Finance Ministry
The Ukrainian Finance Ministry said the funds would be used for non-security and defense-related expenditures, such as old-age social payments and payments to employees of the state emergency service.