Japan Provided World Bank With $1.5 Bln Guarantees for Ukraine

by Meifan Honcharuk
Friday, June 30, 2023
1 MIN
Japan Provided World Bank With $1.5 Bln Guarantees for Ukraine

The World Bank to fund Ukraine for its economic recovery and social protection

The Japanese government provided the World Bank with $1.5 billion to invest in supporting the Ukrainian economy, strengthening social protection, and developing the country during the war. The board of executive directors of the Bank confirmed the decision. According to the prime minister of Ukraine, Denys Shmyhal, the funds will be used to pay subsidies, pensions, salaries, social guarantees for the disabled and mothers.

Also this week, the IMF confirmed Ukraine's fruitful efforts in reformation, the fight against corruption and confirmed the first revision of the Extended Fund Facility in the amount of $890 million.

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