**Ukraine Receives $4.8 Billion Loan from World Bank**
Ukraine has received a huge loan of $4.8 billion from the World Bank to help with social expenses. This was announced by Prime Minister Denys Shmyhal on November 27.
The money will be used for important things like paying pensions, helping people who have been forced to leave their homes, and paying salaries to teachers, police officers, and other government employees.
Ukraine is struggling financially because of the ongoing war with Russia. The World Bank’s help is crucial in supporting the country during this time.
The loan was made possible through the Public Expenditures for Administrative Capacity Endurance Project (PEACE). This project has already given Ukraine $35.5 billion to support social expenses since the start of the full-scale invasion.
**What Does the Loan Mean?**
The loan will help pay for essential services and support people who need it most. It’s a big relief for Ukraine, which is facing many challenges because of the war.
**World Bank’s Role**
The World Bank plays an important role in supporting Ukraine during this difficult time. Its commitment to helping the country is valued by the Ukrainian government.
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