Automatically translated version. May contain inaccuracies compared to the original.
Ukraine attracted 841 million dollars from the World Bank secured by the Canadian government. The funds will be directed to reimburse the state budget expenditures on pension payments. This was announced by Prime Minister of Ukraine Serhiy Koretsky.
According to him, the financing was raised as part of the PEACE in Ukraine project under agreements reached in September.
“In conditions of budget deficit and disequilibrium of public finances, this is an extremely important and timely support,” Koretsky noted.
The Ministry of Finance clarified that this refers to a loan from the World Bank guaranteed by the Government of Canada. It is expected that 841 million dollars will reach Ukraine in the near term.
The funds will be used as budget support to reimburse pension expenditure.
The agreement on the tenth additional financing of the PEACE in Ukraine project was signed by Finance Minister Serhiy Marchenko and the World Bank Regional Director for Eastern Europe Robbert (Roberto) Som.
Following the new financing, the total scope of the PEACE in Ukraine project will amount to 54,3 billion dollars. The Ministry of Finance notes that this is the largest investment project in the history of the World Bank.
BAGNET recalls that earlier Ukraine and Canada agreed to deepen cooperation in the field of defense technologies, specifically to move from direct aid to joint projects.
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