World Bank to provide US$84m in aid to Ukraine

Denys Shmyhal. Photo: Getty Images

The World Bank will provide Ukraine with US$84 million under the HOPE project.

Source: Ukraine’s Prime Minister Denys Shmyhal

Details: Shmyhal noted that the funds will be used to provide compensation under eRecovery, a Ukrainian government programme of financial assistance for rebuilding housing damaged by hostilities.

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The prime minister noted that over 96,000 Ukrainian families have received financial support from the state.

Background: In early April, the Cabinet of Ministers (Ukrainian government) decided to raise €100 million from the Council of Europe Development Bank to pay compensation to owners of destroyed housing under the eRecovery programme.

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