The World Bank has announced a $750 million support package for Ukraine.

This was reported by Prime Minister Denis Shmyhal.

According to him, the funds will be allocated as part of the "Support for Recovery through Smart Fiscal Management" (SURGE) project, which aims to assist in the institutional reforms necessary for joining the European Union. A portion of this amount will be sourced from the ADVANCE Ukraine fund, supported by the government of Japan.

The implementation of the program will help strengthen the functioning of state institutions amidst the war, ensuring that essential public services are fully provided to citizens, the head of government noted.

The reforms under the project are designed to enhance the efficiency of public investment management and state finances. If necessary, funding may be increased, Shmyhal emphasized.

He expressed gratitude to the leadership of the World Bank and international partners for this crucial support to Ukraine during the full-scale war initiated by Russia.

Earlier, we reported that Germany would allocate €170 million in emergency energy aid to Ukraine. This was announced by German Foreign Minister Annalena Baerbock during her visit to Kyiv.

We also mentioned that the World Bank will launch a new program to support small and medium-sized enterprises in Ukraine with $593 million. The RISE project (Resilient, Inclusive, and Sustainable Entrepreneurship Program) aims to support 20,000 small and medium businesses and is expected to help preserve at least 40,000 jobs during the war.

For all the latest insights and information, visit our Telegram channel, where you'll find bonuses and quick news updates.