Ukraine will attract a grant of UAH 2 billion from Germany
These funds will help finance one of the most successful business support programs - "5-7-9"
The Cabinet of Ministers of Ukraine has approved a grant from Germany worth almost UAH 2 billion, Prime Minister Denys Shmyhal said.
"Today, the government has also made a decision that will allow us to attract a grant from Germany worth almost UAH 2 billion," Shmyhal wrote in a telegram following the Cabinet meeting.
According to the Prime Minister, these funds will help the government continue to finance the 5-7-9 business support program.
He also reminded that this week the EU provided Ukraine with another tranche of macro-financial assistance worth €1.5 billion.
The day before, the state budget received $400 million from the UK through the World Bank's trust fund.
"These funds will be used for social payments, pensions, salaries for doctors and teachers, and for the critical needs of our country," Shmyhal said.
He thanked the partners for their assistance in economic recovery.
Background. As a reminder, Japan plans to provide Ukraine with €160 million to support economic recovery projects.
If you have read this article to the end, we hope that means it was useful for you.
We work to ensure that our journalistic and analytical work is of high quality, and we strive to perform it as competently as possible. This also requires financial independence. Support us for only UAH 196 per month.
Become a Mind subscriber for just USD 5 per month and support the development of independent business journalism!
You can unsubscribe at any time in your LIQPAY account or by sending us an email: [email protected]
