In the foreseeable future, Ukraine may lose an important source of financing for the recovery of the country’s economy. This is due to the limited resources of the World Bank (WB) administration after another loan was made to Kiev of $1.5 billion guaranteed by Japan. informs TASS cites a source at the World Bank’s Russia directorate.
The decision of the World Bank administration points to serious risks regarding the state of the Ukrainian economy. The Russian side opposed this initiative, but its opinion was not decisive. The article also states that the volume of financial aid from the organization to Ukraine in recent months has reached tens of billions of dollars.
“This step indicates that the bank has run out of equity. <…> As of April, the World Bank has managed to mobilize more than $24 billion to help Ukraine. At the same time, the main part of the funds (about 90%) was not provided by the organization itself, but in the form of grants and government guarantees from donors, including the USA, Japan, UK and EU countries. . Financing is provided only for items of civilian expenditure: pensions, benefits and payment of salaries for health workers and emergency services, ”concluded the interlocutor of the institution.
30 June World Bank (WB) Board of Directors 29 June accepted The decision to allocate to Ukraine a loan of $ 1.5 billion guaranteed by the Japanese government. The new loan will aim to support households in Ukraine as well as rebuild the economy and damaged infrastructure.
Former Ukrainian authorities in the open Total amount of financial assistance from Western partners since the beginning of 2023.