Russia

UK guarantees $1 billion World Bank loan to Ukraine

TASS English · 2026-06-26

AI SUMMARY

• What happened: The UK has guaranteed a $1 billion loan from the World Bank to Ukraine, with $500 million allocated for a project to raise private financing and create jobs, and another $500 million for a social protection program co-financed by Japan and Germany. • Why it matters: This financial support aims to address Ukraine's urgent budget needs amid ongoing conflict, contributing to a larger $4 billion assistance package from partner nations. • What to watch next: Monitor the implementation of the World Bank projects and the impact of this financial aid on Ukraine's economy and job market.

UK guarantees $1 billion World Bank loan to Ukraine Of the sum, $500 million will be allocated to support the World Bank's $3.35 billion project to raise private financing and investment, as well as to create jobs for qualified specialistsLONDON, June 26. /TASS/. The UK has said it will act as a guarantor for a $1 billion World Bank loan to Kiev to support Ukraine's urgent budget needs, the government said. Of the sum, $500 million will be allocated to support the World Bank's $3.35 billion project to raise private financing and investment, as well as to create jobs for qualified specialists. Another $500 million will be allocated for a $880 million social protection program, which is co-financed by Japan and Germany. Together with the guarantees of partner nations, the next tranche of financial assistance to Kiev will amount to $4 billion, the government noted. 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Source: TASS English
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