Ukraine will receive a $1.5 billion loan from the World Bank, with the guarantee of the Japanese government.
The loan will be utilized to strengthen social protection and rebuild the economy, as announced by Ukrainian Prime Minister Denys Shmyhal in a post on Telegram, as reported by “France 24” on Thursday.
Financial assistance comes at a crucial time for Ukraine as it continues to face economic challenges and seeks support from the international community.
The loan from the World Bank, backed by Japan, is expected to provide much-needed financial aid to boost social programs and facilitate economic recovery in the country.
In addition to this loan, European Union foreign ministers earlier in the day presented a plan to establish a new aid fund for Ukraine, aimed at ensuring financial support for the country starting the next year.
The international support is seen as a crucial step in helping Ukraine overcome its economic difficulties and promote stability and growth in the region.
