On June 19, the State Budget of Ukraine received funding of EUR 63 million from the World Bank.
The funds were provided by the International Development Association (IDA) on concessional terms under the World Bank’s Public Expenditures for Administrative Capacity Endurance (PEACE) Project.
The loan has a maturity of 10 years, with a 4-year grace period.
The funds will be used to partially reimburse the state budget expenditures made to pay salaries to government employees and pedagogical staff for February and March. (Government portal/Business World Magazine)
