**World Bank Gives Ukraine $2.05 Billion**
The World Bank’s Board of Directors approved a big grant for Ukraine on Dec. 18. The money is worth $2.05 billion and will help the Ukrainian government implement reforms to make the economy stronger.
This funding comes from different sources, including a loan backed by frozen Russian assets. A part of this loan was given by the US and is worth $20 billion. The World Bank used some of this money to fund its grant for Ukraine.
The $2.05 billion will be used in several ways. Some of it will support Ukraine’s railway system, banks, and renewable energy generation. This should help the country grow economically. Other parts of the funding will focus on increasing domestic revenues.
Ukraine’s government has been working hard to implement reforms despite many challenges. The World Bank is happy with their progress and says they will continue to support Ukraine in its efforts to join the European Union.
**What the World Bank Said**
“We are pleased to see the Ukrainian government’s commitment to implementing reforms,” said Bob Saum, Regional Country Director for Eastern Europe at the World Bank. “Ukraine has made significant achievements and continues to advance in its efforts to establish a vibrant market economy.”
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