Ukraine will receive $530 million in financial assistance from the World Bank

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The World Bank approved the allocation of half a billion dollars of financial assistance to Ukraine
Ukrainian truth
14:46, 01.10.2022

The World Bank has already allocated a total of $11 billion in financial assistance to Ukraine.



This was reported by the press service of the World Bank.

Financing is provided through loan guarantees from the UK ($500 million) and Denmark ($30 million).

To date, the World Bank has mobilized nearly $13 billion in emergency funding for Ukraine, including commitments and pledges from donors, of which $11 billion has been paid in full.

This money will primarily go to support Ukraine's basic public services, such as healthcare, education, and social protection.

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Artur Zayonts

Artur Zayonts specialises in news from the frontline. A historian by education, Arthur has always sought to bring depth and context to his journalistic work.

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