The INSPIRE project, backed by credit enhancement from the Japan-supported ADVANCE Ukraine Trust Fund, is designed to address the urgent needs of nearly 10 million Ukrainians who require heating and financial assistance to overcome winter hardships. This commitment is a continuation of global efforts to provide emergency funding to Ukraine, which now exceeds $38 billion with international support.
The European Union has also reached a historic high in military aid, contributing €27 billion. Ukrainian President Zelensky has acknowledged the significant international support while assuring the commitment to repayment.
This financial support comes at a crucial time for Ukraine as the country projects an economic growth of 3.5% following a contraction of 29.1% in the previous year.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Source: Economy - investing.com
