KYIV, Oct 25 – The World Bank has transferred an additional $500 million to Ukraine to support basic government and address immediate needs arising from Russia’s invasion of Ukraine, the new tranche increased the amount of funds already provided to Ukraine through the World Bank to $11.4 billion.

"The IBRD financing is supported by $500 million in loan guarantees from the United Kingdom, announced September 30, 2022, and was mobilized under the Public Expenditures for Administrative Capacity Endurance in Ukraine (PEACE) Project, which supports continued government capacity, including the provision of core public services such as health, education, pensions and social protection," the bank said.