
The World Bank (WB) announced on Friday that it is providing Ukraine with an additional $2.5 billion in aid to “support the support of basic services and recovery efforts,” AFP reported.
This new support is part of the PEACE project, which aims to financially support the functioning of Ukrainian public services and comes from the United States Agency for International Development (USAID).
This should allow the Ukrainian government to “support key sectors, including health care, education, pension payments and assistance to internally displaced persons,” as well as the salaries of Ukrainian civil servants, the WB said in a statement.
The new line of credit counts USD 20.6 billion mobilized by the WB for Ukraine in the form of loans or grants since the beginning of the conflict, just a year ago, of which USD 18.5 billion has already been disbursed.
“I am glad that the World Bank has mobilized this amount to support Ukraine. We will continue to support the Ukrainian people in their most urgent needs and in coordination with the government’s reconstruction and recovery efforts,” said the institution’s president, David Malpass.
Since the beginning of the conflict, the country has received significant financial and military support from the international community, led by the United States.
In total, the United States has provided over $113 billion in direct aid to Ukraine since the beginning of the conflict.
Source: Hot News

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