Today, the Ministry of Finance of Ukraine signed an agreement with the World Bank to provide Ukraine with $2 billion through the DPL (Development Policy Loan) mechanism. Prime Minister of Ukraine Denys Shmyhal announced this on his Telegram page, Ukrinform reports.
According to Shmyhal, Ukraine will start receiving these funds at the expense of frozen Russian assets. The first 1 billion dollars will be provided by the World Bank in the form of a non-refundable grant from the FIF fund, which was formed with the participation of the United States as part of the G7 initiative. Another 1.05 billion dollars will be provided in the form of a loan under the guarantees of the governments of Japan and Great Britain.
The Prime Minister noted that Ukraine has fulfilled all the necessary conditions for receiving these funds. He also thanked international partners for their support in the process of economic development and reconstruction of the country after the war.
These funds are an important step in the financial support of Ukraine, especially in the context of economic challenges caused by Russian aggression. Signing agreements with the World Bank will be an important step on the way to stabilizing the financial situation in the country.
