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World Bank's Special Financial Trust Fund for Ukraine to amount to $10bn - Shmyhal

The size of the fund may be increased in the future when other donors join it. 

World Bank's Special Financial Trust Fund for Ukraine to amount to $10bn - Shmyhal
Prime Minister of Ukraine Denys Shmyhal
Photo: Cabinet of Ministers

The World Bank's Board of Directors has approved the creation of a special financial trust fund for Ukraine worth at least $10 billion, Ukrainian PM Denys Shmyhal has reported.

"The main donors will be the United States and several other countries, and in the future the size of the fund may be increased when other donors join it," the Prime Minister said.

The funds will be primarily used to support the budget - salaries and social expenditures, as well as critical recovery needs. 

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