Ukraine has secured over 1 trillion won in financial support from the World Bank, backed by a credit guarantee from the Canadian government.
Ukrainian Prime Minister Serhiy Koretsky announced on September 22 via his personal social media that the country successfully obtained a loan totaling $841 million (approximately 1.14 trillion won) through the World Bank.
Koretsky explained that these funds will be primarily used to cover government expenditures related to national pension payments.
With this financial support, the total scale of the World Bank's financial assistance program for Ukraine, known as 'Peace in Ukraine,' has expanded to $54.3 billion (approximately 73 trillion won).
This initiative aims to help the Ukrainian government maintain essential public services, including pensions, education, and healthcare, despite the prolonged war.
In addition to financial support, the Ukrainian government is collaborating with the World Bank on joint projects in six key areas: improving energy efficiency, developing housing policies, waste management, supporting farmers, reforming statistical systems, and digital transformation.
* This article has been translated by AI.
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