Automatically translated version. May contain inaccuracies compared to the original.
Ukraine will soon receive $841 mln from the World Bank under guarantees from the Government of Canada. The financing will be directed to budget support and reimbursement of state budget expenditures related to pension payments. This was reported on 22 September by Prime Minister of Ukraine Serhii Koretskyi.
What the funds will be used for
Ukraine is raising $841 mln from the International Bank for Reconstruction and Development under a guarantee from the Government of Canada. The financing is provided under the tenth additional financing of the PEACE in Ukraine project.
According to the Ministry of Finance, these funds will be provided as budget support to reimburse state budget expenditures for pension payments.
The Cabinet noted that the financing is important for the budget amid a deficit and an imbalance in public finances.
The total project amount rose to $54,3 bln
After signing the agreement, the total volume of the PEACE in Ukraine project reached $54,3 bln.
The Ministry of Finance emphasized that PEACE in Ukraine is the largest investment project in the World Bank’s history. Its implementation is aimed at supporting Ukraine’s public expenditures and ensuring financing for critically important social needs.
Finance Minister Serhii Marchenko said the new financing under Canada’s guarantee should help secure the state’s social expenditures. He also thanked the Government of Canada and the World Bank for their support.
Ukraine is seeking further financing
During the meeting, representatives of Ukraine and the World Bank also discussed securing financing by the end of 2026 year, further implementation of PEACE in Ukraine, and the use of the SPUR 2.0 instrument.
Separately, the parties are working on a development policy operation (DPO) for 2026 year. The Ministry of Finance emphasized the need to create a realistic reform matrix taking into account the timing for adopting the necessary legislation.
Earlier, StopCor wrote that Ukrainian pensioners are entitled to free travel on city public transport and suburban electric trains, but the benefit has certain restrictions. For free travel, you need to have a pension certificate, and in some cities — also a personal transport card.
Document: PDF proof of the original version of the news item "$841 млн для України: Світовий банк виділив кошти". It records the publication content at the moment of the first scan, the preservation date and the source: NARDEP 24.