The Minister of Finance of Lithuania Gintarė Skaistė said on April 13, 2023, that Lithuania has pledged to allocate 10 million euros for the recovery of Ukraine through a special mechanism created by the World Bank to finance the process of rebuilding Ukraine and increasing the stability and development of Moldova.
Source: The Minister of Finance of Lithuania Gintarė Skaistė
“The international community is determined to continue mobilizing financial aid for Ukraine, and the new mechanism created by the World Bank is an important tool in attracting donor support for the first larger reconstruction projects in Ukraine,” noted the Minister of Finance of Lithuania.
According to Gintarė Skaistė, the new measure will allow to attract additional funds for the reconstruction projects of Ukraine in the near future and allocate resources for Moldova, which is facing the negative consequences of Russia’s war against Ukraine.
10 million euros allocated by Lithuania, thanks to the World Bank, will be increased to 30 million euros and used to restore the critical infrastructure of Ukraine.
So far, Lithuania has provided Ukraine with humanitarian, financial and military aid in the amount of EUR 900 million, which is 1.3% of GDP.
See also: Lithuania will provide Ukraine with €41M in military aid
