The new funding has the guarantor countries Britain, the Netherlands, Lithuania and Latvia. It is not known if this is a donation or a loan.
Its board of directors World Bank approved yesterday Tuesday additional funding of $ 1.49 billion in Ukraineto allow the government to pay them salaries of civil servants and social workers.
The new funding increases the World Bank’s lending to Kyiv to more than $ 4 billion.
On March 8, the Washington-based international financial institution approved a $ 3 billion grant and $ 489 million immediate disbursement.
Nearly $ 2 billion has been disbursed so far, the World Bank said in a press release.
He added that The new funding has the guarantor countries Britain, the Netherlands, Lithuania and Latvia. He did not specify whether it was a donation or a loan.
He stated, however, that the purpose of the grant is to benefit “Ordinary citizens” and that funding will be directed to areas such as “Water supply, sewerage, heating, electricity, energy efficiency, road network, social protection, education and health.”
Keeping the Ukrainian government institutions in place will be “The foundation of recovery and reconstruction”.
The Russian army invaded the territory of Ukraine on February 24. The war plunged the country into recession and forced millions to flee their homes.
