World Bank allocates $50 mln to support vulnerable groups in Ukraine.

The World Bank allocates additional $50 million to Ukraine to support vulnerable populations during the COVID-19 epidemic.

The agreement was reached at the meeting of representatives of the Government of Ukraine and the World Bank in Kyiv, the Government portal reports.

“Already in May this year, Ukraine will receive funding worth $50 million to strengthen social support for the population during the measures aimed at curbing the COVID-19 pandemic,” the statement reads.

These funds will be transferred to pay to pensioners and recipients of social assistance in connection with disability. Moreover, these funds will be used to increase the amount of the subsidy during quarantine and to remove restrictions on the provision of this type of support to those who have lost their jobs due to quarantine.

The money is provided as additional funding for the project "Social Assistance System Modernization" in Ukraine, which has been implemented by the Ministry of Social Policy with the support of the World Bank since 2014.

In general, Ukraine will receive an additional $150 million from the World Bank, in particular, $50 million to support vulnerable populations during the COVID-19 epidemic and $100 million to improve an overall social protection system.


Related news

Belavia, LOT and WizzAir will launch intl flights to 14 destinations from Kyiv airport on June 16.

Belavia (Belarus), LOT (Poland) and WizzAir (Hungary) will launch international flights to ten countries from Kyiv International Airport from June 16, 2020.

Funds in Ukraine Treasury's account more than double as of June 1.

The balance in the single account as of June 1, 2020, was 10% up from the figure posted on June 1, 2019.

Operating banks in Ukraine post almost US$940 mln in profit in four months.

The banks' revenue for this period increased by almost 17%.

Ukrainian gas stocks grow by 1.6 % to almost 18 bcm over week

The USFs were filled by 58% as of May 30, 2020.

Deficit of Ukraine's foreign trade in goods, services 97% down in Jan-April.

The deficit of foreign trade in commodities over the period under review shrank by 55%.

By continuing to browse World News (UAZMI), you acknowledge that you have read the Terms of Use and agree to the use of cookies