The Ministry of Finance and the World Bank have signed an agreement to provide a loan in the total amount of 236 million euros under the guarantee of the Kingdom of Sweden.

The financing will be directed towards reimbursement of key social expenditures of the state.

The funds were raised within the framework of the project “Public Expenditure Support for Sustainable Governance in Ukraine” (PEACE in Ukraine) from the International Bank for Reconstruction and Development (IBRD).

The Ambassador of Sweden to Ukraine, Martin Oberg, took part in the signing ceremony.

The PEACE in Ukraine project has been implemented since June 2022 and is designed to ensure the continuous implementation of key state functions at the national and regional levels under martial law conditions.

After the receipt of the World Bank loan, the total volume of financing raised within the project will amount to nearly 53.5 billion US dollars.

Reference source: http://surl.li/bjvkdxsw1a5