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World Bank announces additional $530 million loan to Ukraine

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According to the World Bank, the U.K. and Denmark provided $500 million and $30 million in loan guarantees, respectively, to meet Ukraine’s urgent needs caused by Russia’s full-scale war.

The loan will help cover essential “public services such as health, education, and social protection,” the statement reads.

“The toll of destruction, damage, and dislocation in Ukraine is staggering and continues to grow,” said Anna Bjerde, World Bank Regional Vice President for Europe and Central Asia. “The Ukrainian people have a long road to recovery ahead and development partners will need to continue to pull together to support Ukraine’s reconstruction.”

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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U.S. President Donald Trump said on Nov. 25 that there is no specific deadline for Ukraine to accept the initially drafted 28-point proposal, easing previous statements that implied he hoped for a Thanksgiving agreement. "The deadline for me is when it’s over," Trump told reporters aboard Air Force One.

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U.S. Army Secretary Dan Driscoll traveled to Abu Dhabi on Nov. 24 for negotiations with Kyrylo Budanov, Ukraine's military intelligence chief, and a Russian delegation, Driscoll's spokesperson, Lieutenant Colonel Jeff Tolbert, confirmed to Axios.

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