![]() ![]() More than 400 global companies pledged support Wednesday for rebuilding the war-torn economy at the Ukraine Recovery Conference in London. The UK government has also set out a package of support for Ukraine, including $3 billion of new guarantees to unlock World Bank loans and 240 million pounds ($305 million) of bilateral assistance. Citi, Sanofi and Philips are among firms that have signed up to the Ukraine Business Compact, signaling their intent to boost investment in the country. ![]() ![]() "This additional financing for the PEACE (Public Expenditure Support for Enhanced Sustainable Governance in Ukraine) project builds on previous funding and will continue to provide support in key sectors such as health care, education, payment of pensions, social assistance programs, and wages for employees providing core government services," the news release continued.Īdditional support for Ukraine. "The financing is composed of a $500 million World Bank loan guaranteed by the United Kingdom, a $1.25 billion grant from the United States, and a $15 million grant from the Government of Finland," a news release from the group stated.
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