LONDON — Ukraine has received a $1.5 billion tranche of funding under a World Bank program, Prime Minister Denys Shmyhal said on Friday, helping it pay for its budget and social spending.
Ukraine is reliant on financial aid from its Western partners but foreign financing dwindled in the first two months of this year, and a US aid package has been blocked by Republicans in Congress for months.
The new block of World Bank aid was funded by Britain and Japan, Shmyhal said.
“984 million dollars come from Japan and 516 million dollars from the UK. The funds will cover budget spending for social and humanitarian needs and reconstruction,” he wrote on X.
Earlier in March, Ukraine received a 4.5 billion euro ($4.9 billion) first tranche of aid under a European Union bridging finance program.
Kyiv spends most of its own revenues to finance its defense efforts since Russia invaded in February 2022, leaving Kyiv heavily reliant on funding from Western partners to cover its social spending.
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