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World Bank approves $664 million in additional funding for Ukraine under INSPIRE project

Photo by Marisa Howenstine / Unsplash

The World Bank approved on Thursday additional financing of $664 million for Ukraine under the Investing in Social Protection for Inclusion, Resilience, and Efficiency (INSPIRE) project, the country's finance ministry said.

Of the total, $662 million will come from the Japan-backed program Advancing Needed Credit Enhancement for Ukraine Trust Fund (ADVANCE Ukraine). The remainder will be provided as grant funding from the World Bank's Early Learning Partnership Trust Fund to support the expansion of childcare program.

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