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The World Bank building in Washington, DC on Aug. 8, 2003. (Tim Sloan/AFP via Getty Images)
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Ukraine received $1.5 billion in loans from the World Bank, the Finance Ministry said on March 29.

The loan, backed by guarantees from Japan and the U.K., was provided through the World Bank Trust Fund (Advance Ukraine). In total, Japan guaranteed $984 million, and the U.K. guaranteed $516 million.

"The funds raised will be used to support the state budget of Ukraine and economic recovery, as well as to finance the prioritized social and humanitarian expenditures of the state budget," said Finance Minister Serhii Marchenko earlier in the week.

Ukraine's recovery and reconstruction costs stemming from Russia's full-scale invasion are estimated to be $486 billion, according to the World Bank's assessment in February 2024.

As of March 1, the World Bank "has mobilized over $41 billion in financial support to Ukraine, of which nearly $35 billion has been disbursed to date."

World Bank to disburse $500 million for Ukrainian businesses in 2024
The matter was discussed during a meeting between the ministry’s team and the World Bank mission headed by Arup Banerji, the World Bank’s regional country director for Ukraine and Moldova.

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8:59 AM

Shooter opens fire on police in Russia's Murmansk.

The man began shooting from the roof of a building at Kolskiy Avenue 10 in the central part of the city, after which the authorities stormed the roof and "neutralized" the attacker, the regional Investigative Committee said.
3:19 PM

More US controversies and cyberattack | Ukraine This Week.

In the latest episode of Ukraine This Week, the Kyiv Independent’s Anna Belokur discusses how the Trump administration conducts foreign policy as Middle East envoy Steve Witkoff is embroiled in several controversies amid ceasefire negotiations. Also, Ukrainians experience yet another cyberattack, this time on the national railway service.
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