Ukraine receives almost 425M euros of loan from Britain

Ukraine received almost 425 million euros of loan from the UK, Report informs via RBC-Ukraine.

The Ukrainian Finance Ministry noted that within the framework of the World Bank project to support public spending, Ukraine received a loan of 446.8 million euros. Under this funding, the UK guarantee is €424.6 million.

“In the context of the war, it is vital for Ukraine to maintain the potential, effectiveness and sustainability of public administration. The funds raised will provide funding for public sector employees. We are grateful to the UK government and the World Bank team for supporting Ukraine during this challenging period in our history,” Ukrainian Finance Minister Serhiy Marchenko said.

The money will be used to pay employees of state bodies and budgetary educational institutions, both at the national and regional levels.