Transcribed

Ukraine Secures Desperately Needed Funds from World Bank

Jan 2, 2024 · 1m 5s
Ukraine Secures Desperately Needed Funds from World Bank
Description

Ukraine has received a vital $1.34bn in funds from the World Bank. Ukraine’s Ministry of Finance says the funding has been paid out to support non-security related financial and economic...

show more
Ukraine has received a vital $1.34bn in funds from the World Bank.
Ukraine’s Ministry of Finance says the funding has been paid out to support non-security related financial and economic stability.
The cash boost will be welcomed by Kyiv, which warns that its ability to defend against the Russian invasion could soon be impacted by delays in funding from the United States and the European Union.
The ministry noted that the financing, which is the Sixth Additional Financing under its Public Expenditures for Administrative Capacity Endurance in Ukraine (PEACE) project, consisted of a $1.086bn loan from the World Bank, a $190m grant from Norway, a $50m grant from the United States and a $20m grant from Switzerland.
show less
Information
Author Africa Business Radio
Organization Africa Business Radio
Website -
Tags

Looks like you don't have any active episode

Browse Spreaker Catalogue to discover great new content

Current

Podcast Cover

Looks like you don't have any episodes in your queue

Browse Spreaker Catalogue to discover great new content

Next Up

Episode Cover Episode Cover

It's so quiet here...

Time to discover new episodes!

Discover
Your Library
Search