Ukraine will receive $3B from international donors for social payments and reconstruction.

On May 19, the government of Ukraine accepted additional funding from the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). This is a grant for budget support for $1.27B from the Trust Fund of many donors ($1.25B from the US and $15M from Finland) and a $500M loan from the IBRD. This is part of a large cooperation project with a total volume of $16.4B and €1.4B. The funds will pay salaries, pensions, social assistance, and medicine. Also, according to Prime Minister Denys Shmyhal, “the Cabinet of Ministers supports Ukraine’s participation in the European program, Mechanism for Connecting Europe, to finance the development of modern transport, energy, and digital infrastructure with assistance from the EU. The program’s total budget until 2027 is almost €21B,” he clarified. In addition, Ukraine will obtain a loan of $1.5B under the guarantees of the Japanese government within the framework of the development and recovery policy support project.


Ukraine War 24

Ukraine War 24

Read Previous

The US, Portugal, and Italy have joined the air coalition for Ukraine.

Read Next

Exclusive: Paul Whelan tells CNN he’s ‘positive and confident’ the ‘wheels are turning’ toward release