The World Bank's Board of Directors on Tuesday approved additional financing of $1.49 billion for Ukraine to help the government pay the salaries of civil servants and social workers.
This new funding brings World Bank funding to more than $4 billion.
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On March 8, the institution had approved an aid of three billion with an immediate disbursement of 489 million.
Nearly $2 billion has now been disbursed, the World Bank said in a statement.
She says the new project has received funding guarantees from the UK, the Netherlands, Lithuania and Latvia.
“
The World Bank's portfolio of projects in Ukraine supports the improvement of public services that directly benefit ordinary citizens, in areas such as water supply, sanitation, heating, electricity, energy efficiency energy, roads, social protection, education and health care
,” the institution said in a statement.
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"
The maintenance of these basic services and the government's ability to provide them are essential to prevent a further deterioration of living conditions and poverty in Ukraine beyond the suffering inflicted on the population due to the war
", said said the World Bank's director for Eastern Europe, Arup Banerji.
He also notes that maintaining the government's functioning capacities will be "
the foundation of any recovery and reconstruction
".
Ukraine was invaded by Russia on February 24.
The war plunged the country into a deep recession and displaced millions of Ukrainians.
