Ukraine receives $4.8B from World Bank - Shmyhal

Prime Minister Denys Shmyhal announced this in a post on Telegram, Ukrinform reports.

“Ukraine has received 4.8 billion dollars from the World Bank as part of the PEACE project. This is the largest investment project in the bank's history, launched to support our country in implementing reforms, social and educational sectors, healthcare, agricultural producers, and recovery projects,” he wrote.

Shmyhal noted that during the full-scale war, almost $50 billion was raised through World Bank mechanisms.

“We are very grateful to the United States and the development partners who are financing assistance under the PEACE project. We thank the World Bank for its continued commitment and active support of initiatives that strengthen Ukraine,” the prime minister added.

As Ukrinform reported, since February 24, 2022, the World Bank has raised more than $40 billion for Ukraine's needs.