The state budget of Ukraine has received $1.34 billion as the sixth additional financing under the World Bank's "Public Expenditure Support for Sustainable Governance in Ukraine" (PEACE in Ukraine) project. This was reported by the press service of the Ministry of Finance.
"The funds will be used to partially compensate for the expenditures of the state budget of Ukraine not related to the security and defense sector, in particular, for pension payments and payments to employees of the State Emergency Service," the Ministry of Finance said.
The financing consists of a $1.086 billion loan from the World Bank, which came through the Trust Fund for the Provision of Necessary Credit Support to Ukraine (ADVANCE Ukraine) under the guarantee of the Government of Japan.
The sixth additional financing of the PEACE in Ukraine project also includes a grant component:
$190 million from Norway through the Ukraine Recovery, Transition and Reform Trust Fund (URTF);
$50 million from the United States government; and $20 million from the Swiss government.