The Government of Norway contributed a grant of $190 million to the Trust Fund for Support, Restoration, Reconstruction and Reform of Ukraine, the press service of the World Bank reports.
This is the second tranche provided by Norway to the URTF, following a grant contribution of $100 million in December 2022.
"We know that Ukraine needs urgent financing. The current assistance will support the maintenance of critical infrastructure and the day-to-day provision of essential public services. Our assistance through the World Bank is also a contribution to the reform process that is needed to promote economic growth, as well as post-war reconstruction and European integration. This contribution is part of Norwayʼs five-year support package for Ukraine, it is a sign of our long-term support for Ukraine," said Norwegian Minister of Foreign Affairs Anniken Huytfeldt.
- URTF is a multi-donor trust fund created to direct grant resources from donor partners to the most important sectors of Ukraineʼs economy to meet the countryʼs urgent needs. The main focus of URTF activities is on such critical sectors as transport, energy and health care. After Norwayʼs contribution, the URTF budget exceeded $1.1 billion.