The IBRD and the World Bank provide Ukraine with $1.25B to restore agriculture.
Ukraine and the IBRD have signed a grant and loan agreement for $550M within the World Bank’s Emergency Project of Provision of Inclusive Support for the Restoration of Ukraine’s Agriculture (ARISE) project, reports the Ministry of Finance. The financing consists of a $230M World Bank loan from the ADVANCE Ukraine Trust Fund, supported by the Japanese government, and a $320M grant from the URTF Trust Fund. The goal is to help agricultural producers obtain access to financing through cheap loans