World Bank
The World Bank is an international financial institution headquartered in Washington, D.C., and part of the World Bank Group alongside the IMF. It provides loans, credits, and guarantees to developing countries to support development projects and economic reforms aimed at reducing poverty. Following Russia's full-scale invasion, the World Bank has been a major channel of budget support for Ukraine, mobilizing billions of dollars in emergency assistance coordinated with donor countries.
-
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.