Raised funds will be used to pay social assistance to families with children and salaries to employees of state institutions of higher education.

Ukraine received the second part of additional financing for 203 million dollars from Great Britain through the World Bank project.

As reported on the website of the Ministry of Finance of Ukraine, the total amount of the loan under the guarantees of Great Britain is 500 million dollars. USA.

The loan repayment period is 18.5 years with a five-year grace period. The interest rate is 0.25% per annum.

The funds raised will be used to pay social assistance to families with children and pay salaries to employees of state institutions of higher education.

“From the first days of the full-scale war of the Russian Federation against Ukraine, Great Britain has been one of the leaders of assistance in all possible directions, including the provision of financial assistance to our state. This assistance makes it possible to continue uninterruptedly ensuring proper financing of priority expenses…” he noted. Minister of Finance of Ukraine Serhii Marchenko.

Financial aid for Ukraine: details

On December 23, 2022, Marchenko and the Regional Director of the World Bank for Eastern Europe (Ukraine, Belarus and Moldova) Arup Banerjee signed the Agreement on providing Ukraine with the fourth additional financing as part of the joint implementation with the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA) ) ) of the project “Supporting public expenditures to ensure sustainable public administration in Ukraine”. The amount of the loan is 500 million dollars.

In 2022, the British government provided Ukraine with more than 1.5 billion dollars. to finance state budget expenditures.

On December 12, 2022, the European Union agreed to increase the financial ceiling of the European Peace Fund, through which security assistance is provided to Ukraine.