WB to allocate additional EUR 495M to Ukraine

Ukraine will receive an additional 495 million euros in grant funds from the World Bank's trust fund, said the Ministry of Finance, Report informs, citing Ukrainian News Agency.

Finance Minister Serhii Marchenko and World Bank Regional Country Director for Eastern Europe (Belarus, Moldova, and Ukraine) Arup Banerji signed changes to the grant agreement, which will be provided to Ukraine from the World Bank Trust Fund as part of the Second Development Policy Loan Program in the field of economic recovery.

As part of this additional agreement, Ukraine will receive additional grants from Norway, Austria, and the United States (within one grant) in the amount of 495 million euros.