KYIV, Dec 14 – The World Bank's Board of Executive Directors on Saturday night decided to provide Ukraine with a $300 million loan for the Second Additional Financing for COVID-19 Response under the Social Safety Nets Modernization Project.

"The social protection measures to be supported by the new loan would help the Government of Ukraine to finance social programs aiming to prevent around 1 million Ukrainians from falling into poverty," the bank's release quoted the words of its regional director for Eastern Europe (Belarus, Moldova and Ukraine) Arup Banerji.