Ukraine to receive $1.5 billion loan from Wold Bank - PM

FILE PHOTO: Ukranian Prime Minister Denys Shmyhal speaks during the Ukraine Recovery Conference in London, Britain June 21, 2023. REUTERS/Hannah McKay/File Photo

KYIV (Reuters) - Ukraine will receive a $1.5 billion loan from the World Bank guaranteed by the government of Japan, Ukrainian Prime Minister Denys Shmyhal said on Thursday.

The funds will be used to strengthen social protection, provide assistance to people during Russia's war on Ukraine, and rebuild the economy, Shmyhal said in a post on the Telegram messaging app.