Ukraine received a grant of 495 million euros from the World Bank Trust Fund

02 May 2022, 19:31 | Economy
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Ukraine receives an additional grant of 495 million euros from the World Bank Trust Fund. This was reported by the press service of the Ministry of Finance of Ukraine.

The money was received within the framework of the Second Loan for Development Policy in the field of economic recovery of Ukraine.

In particular, the United States transferred the largest part, approximately 463 million euros, to the State Budget of Ukraine, about 20.5 million euros - Norway, and approximately 10 million euros - Austria.

The money will be used to provide priority social, humanitarian, health care costs, as well as to support internally displaced persons..



In addition, according to the Ministry of Finance, Kyiv is now preparing to attract another $500 million in grant support from the United States..

Earlier, the head of the IMF, Kristalina Georgieva, said that Ukraine would need $5 billion monthly over the next three months to close all the holes that arose due to the impact of the Russian invasion on the country's finances.. She also added that the fund will discuss Ukrainian financial needs with Ukraine's partner governments..




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