The Power Within: The Kyiv Independent’s first-ever magazine. Be among the first to get it.

pre-order now
Skip to content
Edit post

Ukraine receives $1 billion from Japan, UK through World Bank DPL program

by The Kyiv Independent news desk December 24, 2024 3:38 PM 1 min read
The World Bank headquarters in Washington, DC, on Sept. 27, 2022. Photo for illustrative purposes. (Samuel Corum/Bloomberg via Getty Images)
This audio is created with AI assistance

Ukraine has received $1bn from Japan and the U.K. through the World Bank’s Growth Foundations Development Policy Loan (DPL) program, Prime Minister Denys Shmyhal announced on Dec. 24.

“The funds raised will be used to strengthen our economy and finance priority expenditures in the social and humanitarian spheres,” he said in a post on Telegram.

“We thank the World Bank, the governments of Japan and the United Kingdom for their significant support to Ukraine and their contribution to strengthening our resilience.”

Deputy Minister of Finance Olha Zykova previously highlighted how such loans bolsters Ukraine's budget while also enhancing economic development by improving productivity, access to export markets, and implementing necessary reforms for European integration.

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 published on Feb. 15.

Russian cargo ship Ursa Major sinks in Mediterranean after explosion
According to reports, 14 crew members were rescued, and two remain missing.

News Feed

8:10 PM

Ukraine receives 5,000 more Starlink terminals from Poland, minister says.

"Starlinks will help residents of the front-line territories to stay in touch: call relatives, call emergency services, read the news. Due to attacks and destruction of base stations in the de-occupied territories, regular communication is unavailable," Digital Transformation Minister Mykhailo Fedorov said.
1:54 PM

US committed to NATO membership, Rubio says.

"As we speak right now, the United States is as active in NATO as it has ever been," U.S. Secretary of State Marco Rubio said at a press briefing alongside NATO Secretary General Mark Rutte.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Explaining Ukraine with Kate Tsurkan
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.