The World Bank noted on December 20, 2022, that it approved a new aid package in the amount of $610 million for Ukraine. The World Bank will provide additional financing for expenses related to the payment of child and family benefits, salaries of state employees, and utility payments.
Source: The World Bank
“The additional $500 million in IBRD lending for the PEACE Project will help the Government of Ukraine with expenditures related to child and family benefits, salaries of public employees, and utility payments. Maintaining these critical public services is essential to limiting the loss of human capital and rebuilding the country and its economy after the war. To date, we estimate that 12 million people in Ukraine have benefitted from the PEACE project,” clarified the World Bank Group.
The World Bank will also support Ukraine with a new The Health Enhancement and Life-saving (HEAL Ukraine) Project aimed at restoring and improving access to health care and meeting new and urgent needs for medical services in connection with the war. Funding for the project is estimated at 100 million euros, and a grant of 10 million US dollars from the Global Financing Facility for Women, Children and Adolescents will also be added.
“We welcome today’s financing support by our partners. The World Bank has mobilized $18 billion in emergency financing in support of the people of Ukraine since the beginning of the war, including commitments and pledges from donors, of which $15 billion has been disbursed,” said World Bank Group President David Malpass.
See also: World Bank will allocate $500M to Ukraine for urgent needs
