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The Swedish government has decided to provide the World Bank with a second guarantee that will enable Ukraine to receive a loan of approximately SEK 2.5 billion (€236 million).
Source: Swedish government press service, as reported by European Pravda
Details: The Swedish government said the loan would be used, among other things, to cover essential public expenditures in Ukraine's state budget resulting from Russia's full-scale invasion.
"Ukraine is facing both immediate and long-term funding challenges. Sweden is therefore providing budget support via the EU and the World Bank," said Benjamin Dousa, Minister for International Development Cooperation and Foreign Trade. "I am proud that, with this guarantee, Sweden is helping to sustain essential public services in Ukraine, despite the war. The guarantee is an investment not just in Ukraine's future and freedom, but also in that of Europe and Sweden."
