Government approves decision to attract EUR 200 million grant from KfW

On December 2, 2022, during a Government session, a decision was made to attract a budget support grant from the Kreditanstalt für Wiederaufbau (KfW) in the amount of EUR 200 million to cover the costs of paying living allowances to internally displaced persons (IDPs).

In accordance with the approved decision, Minister of Finance Serhii Marchenko was authorized to sign the Grant Agreement between Ukraine and the KfW as well as to sign a Separate Agreement to the Grant Agreement under the resilience support program for IDPs in Ukraine.

For reference

The resilience support program for IDPs in Ukraine, funded by KfW, is aimed at mitigating the negative impact on the living conditions of IDPs caused by russia’s war against Ukraine. The aim of the program is to strengthen capacity of the Government of Ukraine to provide adequate support to IDPs, whose official number has significantly increased since the beginning of the war.