Ukraine's prime minister signs $200 million agreement with World Bank to rebuild energy sector

# 13 April 2023 00:14 (UTC +04:00)

Ukrainian Prime Minister Denys Shmyhal has secured a $200 million loan from the World Bank to help rebuild the country’s energy sector, APA reports citing CNN.

“Today we signed the agreement with World Bank VP Anna Bjerde to provide an additional $200 million to restore power system in #Ukraine,” he tweeted Wednesday, after a meeting in Washington. “We are also preparing to implement a military risk insurance project for foreign investors.”

“Grateful for the support for Ukraine’s recovery,” he added.

Shmyhal said Ukraine would begin rebuilding damaged areas this year.

“The funds attracted from the World Bank will be used to rebuild the power grid and heat supply systems in Kyiv, Kharkiv, Mykolaiv, Sumy and the cities of Chernihiv region,” he said, according to his office. “This winter, we have defeated Russia in the battle for light and are already preparing for the next heating season.”