Donation of 200 million dollars from the World Bank to Ukraine

In the statement issued by the bank, it was indicated that with the project in question, critical equipment will be supplied and the necessary emergency repairs will be supported in the electricity and heating transmission infrastructure.

In the statement, it was indicated that the funds for the project will be provided by the Ukraine Relief, Recovery, Reconstruction and Reform Foundation Fund, and additional funding of up to $300 million is anticipated through grants and other contributions to as the scope of the project expands. .

FACILITATES OF WATER PROVOKED

Noting that more than 50 percent of Ukraine’s electrical infrastructure was damaged in the autumn and winter months, it was emphasized that this led to power outages across the country, leading to shortages of food, heating and water.

In the statement, it was underlined that restoring the power grid is the top priority set by the Ukrainian government for 2023, as it accounts for 11 percent of the estimated needs.

In the statement, it was stated that the World Bank has mobilized more than $23 billion of emergency financing for Ukraine to date, and more than $20 billion of this financing has been distributed through various projects. (AA)