Ukraine to receive US$1 billion from World Bank and more funds from EU

Oleksii Artemchuk — Friday, 15 November 2024, 15:31

Ukraine will attract more than US$1 billion in soft loans from the World Bank and €150 million from the EU.

Source: Ukraine’s Prime Minister Denys Shmyhal

Details: According to Shmyhal, this money was accumulated thanks to the governments of Japan and the United Kingdom.

In addition, another government’s decision will result in an additional €150 million from the EU.

Quote: "Within the framework of this agreement, the money will be directed to the rebuilding of port infrastructure and rapid reconstruction projects," Shmyhal told reporters.

In addition, €65 million will be used to fund a free nutrition programme for elementary school students in 2025.

Background: The World Bank has unveiled a new US$750 million support package for Ukraine.

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