Ukraine to attract $4.5B grant from IBRD, IDA

The Cabinet of Ministers of Ukraine has endorsed a decision to attract a grant of $4.5 billion from the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).

The relevant statement was made by Ukrainian Prime Minister Denys Shmyhal at a meeting of the Cabinet of Ministers of Ukraine on November 18, 2022, an Ukrinform correspondent reports, referring to the Government portal.

According to Shmyhal, these funds are part of a large project to ensure sustainable public administration in Ukraine.

They will be used to pay salaries to public employees, in particular teachers and doctors, and to make social payments to people with disabilities and internally displaced persons.

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