In the written statement made by the World Bank, the additional support of 530 million dollars to be provided to Ukraine; It was noted that the International Bank for Reconstruction and Development (IBRD) financing was supported by loan guarantees from the UK ($500 million) and Denmark ($30 million).
TO MEET URGENT NEEDS
According to the news in AA, it was reported that a total of 530 million dollars of additional support will be provided to Ukraine in order to help meet the urgent needs caused by the war launched by Russia.
FOR BASIC SERVICES SUCH AS HEALTH, EDUCATION
The said resource will be transferred within the scope of the “Public Expenditure for Administrative Capacity Resilience in Ukraine (PEACE) Project”, and it is stated that it aims to support continuous public capacity, including the provision of basic public services such as health, education and social protection.
13 BILLION DOLLARS OF SUPPORT PROVIDED
In the statement, it was noted that the World Bank has provided approximately $13 billion in emergency financing for Ukraine to date.
The financial support allows Ukraine to continue to provide essential government services and helps to mitigate the effects of the human and economic losses caused by the war, the bank said in a statement.