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Main Diplomacy — Prime Minister: With EIB support, we will manage to launch 186 more new recovery projects

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Prime Minister: With EIB support, we will manage to launch 186 more new recovery projects

17 Nov, 2023
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Prime Minister: With EIB support, we will manage to launch 186 more new recovery projects

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The Government has made a decision that will allow attracting additional funds from international partners. This was announced by Prime Minister Denys Shmyhal.

In particular, USD 190 million will be provided by Norway, USD 70 million - by Switzerland. According to the Prime Minister, this is a grant that will be disbursed through funds administered by the World Bank Group. 

"In addition, we have a decision that will allow us to receive a loan from the World Bank in the amount of almost USD 1.1 billion. The support that the Government will direct to social payments, education, healthcare and other priority needs is very important now," said Denys Shmyhal. 

The Cabinet of Ministers has also approved two decisions that will allow Ukraine to receive almost EUR 162 million from the European Investment Bank. The resource is part of the existing programs for the restoration of Ukraine.

"We are talking about the reconstruction and construction of schools, hospitals, kindergartens, administrative buildings, CASPs, sewage treatment plants and other facilities. In total, with these funds from the EIB, this year we will manage to complete 28 projects and start implementing 186 new projects to improve the quality of life of Ukrainian communities," the Head of Government noted.

The Prime Minister thanked the partners and emphasized that this assistance allowed Ukraine to withstand and direct all its internal resources to the defense and security of our country.

The Odessa Journal

The Odessa Journal

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