FinancePolitics Ukraine will receive financial support from the World Bank, the EU, and Finland. Monday, November 18, 2024

Ukraine will obtain soft loans totaling over $1B from the World Bank and €150M from the EU. “Within the framework of this agreement, the money will be directed to the restoration of the port infrastructure and rapid reconstruction projects,” said Prime Minister Denys Shmyhal. Also, €65M will finance the free meals program for primary school students in 2025.

Meanwhile, the Administrative Council of the Council of Europe Development Bank approved €200M loan to support internally displaced persons (IDPs) in Ukraine. The funds will be used to finance payments to IDPs to ensure their social adaptation and integration into new communities. Implementation of the initiative will help provide more than two million Ukrainians with the necessary assistance, noted the Ministry of Finance.

In addition, Finland will allocate €2M for a joint environmental protection project in Ukraine designed to improve the monitoring of water and soil quality and bring these practices closer to EU standards.