Ukraine receives €63 million from the World Bank for teachers' salaries – MoF
The repayment period for the loan is set at 10 years, with a 4-year grace period
Today, on 19 June, 63 million Euros in funding from the World Bank has been received into the general fund of Ukraine's state budget.
This was announced by the Ministry of Finance of Ukraine.
It is noted that the funds will be used to pay for the work of government officials and teachers for February and March 2023.
As reported by the Ministry of Finance, the financing was provided by the International Development Association (IDA) on preferential terms, under the World Bank's Support for Public Expenditures for Administrative Capacity Endurance (PEACE) project.
Background. Previously, it was reported that Ukraine had received $132 million from the World Bank.
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