Ukraine gets $1.5 billion funding tranche under World Bank programme
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 11/4/2026
- Wall Street ends higher after Democrats win Congress; data center stocks tumble
- What the Democratic sweep in the midterms means for markets
- SpaceX, Tesla slide as election risks mount, Morgan Stanley turns bullish
- CVS Health plans to split into two public companies by 2028
- AI sector outlook darkens as Democrat wins threaten $900B capex cycle
Tweet
Share
E-mail
The World Bank logo is seen at the 2023 Spring Meetings of the World Bank Group and the International Monetary Fund in Washington, U.S., April 13, 2023. REUTERS/Elizabeth Frantz/File Photo
(Reuters) -Ukraine has received a $1.5 billion tranche of funding under a World Bank programme, Prime Minister Denys Shmyhal said on Friday, helping it pay for its budget and social spending as it defends itself against the Russian invasion.
Ukraine is reliant on financial aid from its Western partners but foreign financing dwindled in the first two months of this year, and a U.S. aid package has been blocked by Republicans in Congress for months.
In March, Kyiv managed to attract about $9 billion in total external financing, the Finance Ministry added. The European Union, Canada, Japan, the International Monetary Fund and Britain were among the donors.
The new block of World Bank aid was funded by Britain and Japan, Shmyhal said.
"984 million dollars come from Japan and 516 million dollars from the UK. The funds will cover budget spending for social and humanitarian needs and reconstruction," he wrote on X.
Earlier in March, Ukraine received a 4.5 billion euro ($4.9 billion) first tranche of aid under a European Union bridging finance programme.
Kyiv spends most of its own revenues to finance its defence efforts since Russia invaded in February 2022, leaving Kyiv heavily reliant on funding from Western partners to cover its social spending.
"In 2024, external financing reached $10.2 billion, and since the beginning of the full-scale war – $83.8 billion. International assistance is directed to finance the priority social expenditures of the state budget of Ukraine," the ministry added.
($1 = 0.9275 euros)
(Reporting by Yuliia Dysa; Editing by Kirsten Donovan, Hugh Lawson and Emelia Sithole-Matarise)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- White House sets hearing on Fed's Cook for December 14, NYT says
- After Republicans routed, Trump devotes first post-midterm event to White House ballroom
- Hong Kong activist Joshua Wong set to be sentenced on national security charge
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
