WB to provide Ukraine with loan of $100M to help IDPs

The World Bank will soon provide Ukraine with a $100 million loan to help internally displaced people, WB Regional Country Director for Eastern Europe (Belarus, Moldova and Ukraine) Arup Banerji said, reported from Ukrainian media.

"Given the urgent need for central budget financing, the World Bank is currently focusing on providing quick and immediate assistance, which, in turn, can help the population, especially the most vulnerable groups of the population. First, very soon we will allocate another $100 million to help internally displaced persons,” he said in an interview with Interfax-Ukraine.

Banerji added that the WB continues to provide assistance in the healthcare, infrastructure and energy sectors within the existing projects.

"We are also exploring opportunities for cooperation with other bilateral development partners (for example, Italy, Japan and the US) who are very interested in attracting loan as part of Public Expenditure Support project to ensure sustainable public administration in Ukraine and financing other types of verifiable budget expenditures,” the regional director of the WB said.

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