Ukraine receives $1.34b under WB project

Ukraine received $1.34 billion under the World Bank’s public expenditures for administrative capacity endurance in Ukraine, the Ukrainian finance ministry said. The ministry said in a statement the financing consisted of a $1.086 billion loan from the World Bank, $190 million grant from Norway, $50 million grant from the United States and $20 million grant from Switzerland. The ministry said the funds would be used to partially compensate for non-security and defence-related expenditures of the Ukrainian state budget, including old-age social payments and payments to employees of the state emergency service.—Aawsat