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Ukraine Received EUR 504 Million Grant From The World Bank Trust Fund

Ukraine received another part of the grant funds of EUR 504 million. The funds were provided from the World Bank's Donor Trust Fund under the Second Loan Program for Development Policy in support of the Economic Recovery of Ukraine.

Under this tranche, the State Budget received grant funds from the United States (USD 500 million) and the United Kingdom (GBP 24 million).

These funds will be used to provide priority social and humanitarian expenditures, healthcare expenditures, and support for internally displaced persons.

The Trust Fund was established by the International Bank for Reconstruction and Development and the International Development Association. The contributions have already been received from Denmark, Iceland, Latvia, Lithuania, the United Kingdom, Norway, Austria, and the United States.