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IDA expands support package for Ukraine to $6-bln in aid: Marchenko
Journal Staff Report

KYIV, April 27 – The International Development Association (IDA) is expanding the support package for Ukraine and creating a separate fund – SPURR (Special Program for Ukraine's Recovery and Crisis Response), which will feature the ability to multiply the funds attracted to it, thanks to which Ukraine can potentially receive $6 billion in aid, Finance Minister Serhiy Marchenko has said.

"In the near future, it (the fund) will be announced, its name is SPURR and the total size is $2 billion. This fund is multiplier: relatively speaking, triple multiplication is carried out, that is, if $2 billion is raised, then potentially Ukraine can receive $6 billion in aid," he said in an interview with Interfax-Ukraine.




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