The World Bank offers additional aid to Ukraine in the amount of 2.5 billion dollars
The World Bank will grant Ukraine a grant of 2.5 billion dollars, according to a press release issued by the institution. According to the cited source, this grant represents direct budget support for the Ukrainian government and is provided to ensure the continuity of essential services and basic government functions in wartime conditions.
The funds, provided by the United States Agency for International Development (USAID), will be sent to the Government of Ukraine after the appropriate verification of the eligible expenses by the World Bank, the release states. To date, the World Bank has mobilized more than $20.6 billion in emergency financing to support the people of Ukraine, including commitments from donors. This vital support continues to play a key role in the face of the severe humanitarian and economic consequences of the war.
