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Ukraine received $1.34 billion under World Bank project

Ukraine received $1.34 billion under the World Bank's public expenditures for administrative capacity endurance in Ukraine, the Ukrainian finance ministry said on Monday. The ministry said in a statement the financing consisted of a $1.086 billion loan from the World Bank, $190 million grant from Norway, $50 million grant from the United States and $20 million grant from Switzerland. The ministry said the funds would be used to partially compensate for non-security and defence-related expenditures of the Ukrainian state budget, including old-age social payments and payments to employees of the state emergency service. ....

United States , Kirsten Donovan , Serhiy Marchenko , Pavel Polityuk , Andrew Cawthorne , World Bank , The World Bank , Finance Ministry , Public Expenditures , Administrative Capacity ,