Skip to content

US disburses $20 billion Ukraine loan to World Bank fund

Photo by Elijah Mears / Unsplash

The US Department of Treasury said on Tuesday it has allocated to a World Bank fund a $20 billion loan to benefit Ukraine, as part of the $50 billion package by the G7 group of countries backed by profits from frozen Russian assets.

"These funds — paid for by the windfall proceeds earned from Russia's own immobilized assets — will provide Ukraine a critical infusion of support as it defends its country against an unprovoked war of aggression," US Treasury Secretary Janet Yellen said.

This post is for subscribers only

Subscribe

Already have an account? Sign In

Latest

Ukraine, Switzerland launch local recovery governance project

Ukraine, Switzerland launch local recovery governance project

Ukraine's finance ministry and Switzerland's State Secretariat for Economic Affairs (SECO) have signed a memorandum of understanding to launch the Fiscal Governance for Local Reconstruction and Recovery (FG4R) project. The four-year initiative aims to strengthen public financial management at national and local levels to support

Members Public
Ukraine receives €236 million loan under World Bank's PEACE project

Ukraine receives €236 million loan under World Bank's PEACE project

Ukraine has received €236 million in loan financing under the World Bank's Public Expenditures for Administrative Capacity Endurance (PEACE) project, Ukraine's finance ministry said. The funding was extended by the International Bank for Reconstruction and Development (IBRD) under a guarantee from the Swedish government, the finance

Members Public