The government has made a decision that will allow Ukraine to receive $4.8 billion under the World Bank's PEACE project. This was announced by Prime Minister Denys Shmyhal on November 22.
"This is assistance funded by the United States and development partners. We are grateful to our allies for this support, which will be directed by our government to key social and humanitarian programs," said the Prime Minister.
Also this week, Ukraine and the IMF reached an agreement at the expert level on the sixth review of the joint EFF program. This will allow an additional $1.1 billion to be brought into the state budget.
Furthermore, as Denys Shmyhal noted, the Executive Board of the UN World Food Programme approved a plan for Ukraine for the next three years with a budget of $2.1 billion.
“These funds will be used for humanitarian assistance, supporting our people, continuing the demining process, and supporting Ukraine's export potential,” emphasized the head of the government.
The Council of Europe Development Bank also approved a project to support internally displaced persons in Ukraine, which provides for the allocation of €200 million to help IDPs in the areas of education, housing, and rehabilitation.
“We are working to ensure that by the end of the year, a mechanism is in place through which Ukraine will receive $50 billion from G7 countries. These funds will be provided to our country through the use of profits from frozen Russian assets. This will help ensure our resilience and continue the rapid recovery,” emphasized the Prime Minister.
As Denys Shmyhal reported, since the start of the full-scale invasion, the government has already attracted more than $100 billion in external financing.
