Ukraine will receive about $530 million from the International Bank for Reconstruction and Development. The funds, in particular, will go to the salaries of rescuers, educators, doctors, as well as pension payments and social assistance.
This was reported by the Ministry of Finance on September 10.
The bank gives loans on preferential terms, under the guarantees of Great Britain and Denmark. The loan repayment period is 19 years with a five-year grace period.
The project "Support of public expenditures to ensure sustainable public administration in Ukraine" is under implementation since June 2022. The total amount of funds raised is $7.3 billion. The goal of the project is to support the government.
- The Council of the EU approved the proposal of the European Commission to allocate to Ukraine the second tranche of macroeconomic aid for €5 billion. The country received the first tranche — one billion euros — in July, and the overall macroeconomic support program for Ukraine amounts to €8 billion.