KYIV: Ukraine received $1.34 billion under the World Bank's public expenditures for administrative capacity endurance in Ukraine, the Ukrainian finance ministry said on Monday.
The ministry said in a statement the financing consisted of a $1.086 billion loan from the World Bank, $190 million grant from Norway, $50 million grant from the United States and $20 million grant from Switzerland.
The ministry said the funds would be used to partially compensate for non-security and defence-related expenditures of the Ukrainian state budget, including old-age social payments and payments to employees of the state emergency service.
"International financial assistance is a significant contribution to maintaining Ukraine's financial and economic stability and allows us to provide priority social expenditures during the war," Ukraine's finance minister Serhiy Marchenko said.
Reuters
Mon Dec 25 2023
Ukrainian President Volodymyr Zelenskiy inspects a Leopard 2 tank as he visits a position of Ukrainian troops in a front line, amid Russia's attack on Ukraine, in an undisclosed location, Ukraine October 3, 2023. - REUTERS
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