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.

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