Great Britain will provide Ukraine with $500 million through a World Bank project. This is loan money, but on favorable terms.

Finance Minister Serhiy Marchenko said that the loan will be used to support public spending to ensure sustainable public administration in Ukraine.

• Loan funds London provides on preferential terms under guarantees.
• The loan repayment term is 18.5 years with a five-year grace period.
• Interest rate is 0.25% per annum.

The money will go to social assistance

Marchenko stressed that the UK is one of the leaders in supporting Ukraine in the fight against Russian invaders. Thanks to this support, Ukraine is able to secure funding for priority expenditures. Then the minister thanked for the help.

We hope for fruitful cooperation next year as well, which will help us achieve an early victory, Marchenko said.

Money will be are aimed at reimbursement of state budget expenditures on social assistance payments to families with children. Part of it will go to the salaries of employees of state institutions of higher education, as well as utilities.

Pay attention! On December 19, it became known that in 2023 the British authorities would send to Ukraine. artillery ammunition worth about 286 million euros.