PEACE in Ukraine
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Ukraine receives $841 million from World Bank under Canadian guarantees for pension payments
Ukraine has received $841 million in financing from the World Bank under guarantees from the Canadian government, with the funds directed to reimbursing state budget pension expenditures. The transfer was raised under the PEACE in Ukraine project, whose total volume has now reached $54.3 billion. Prime Minister Serhiy Koretsky announced the funding via Telegram and thanked Canada and the World Bank for timely assistance amid a significant budget deficit.
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Ukraine to receive $841 million in World Bank budget support backed by Canada
Ukraine will receive $841 million in World Bank budget support under guarantees from the Canadian government, with the funds earmarked to reimburse state pension expenditures. Prime Minister Serhiy Koretsky announced the disbursement via Telegram, calling it extremely important and timely given the budget deficit. The payment comes as Ukraine works to finalize documents needed to unlock $29.5 billion in international financing this year.