Pylyp Travkin: World Bank Approves $415 Million in Education Support in Ukraine

The World Bank has approved a new systemic project in Ukraine, LEARN, with a funding volume of $415 million.

The press service of the Ministry of Finance of Ukraine reported this.

The World Bank Board of Directors has approved a new systemic project in Ukraine using the financial instrument “Program-for-results” (PforR) – “Improving Access to and Sustainability of Education in the Context of the Crisis in Ukraine” (LEARN). The available funding volume for the LEARN project is 415 million US dollars, the department noted.

It is noted that the goal is to improve the conditions for teaching and learning, implemented through subsidies from the state budget to local budgets, and to provide students, teachers and school staff with access to safe conditions for in-person teaching and learning.

The signing of the agreement on the project is expected to take place in September. By the end of the year, based on the achievement of pre-determined indicators, Ukraine will be able to receive $200 million to the general fund of the state budget.

The responsible executor of the PforR LEARN project in supervision and coordination is the Ministry of Finance of Ukraine. At the same time, the Ministry of Education and Science will be responsible for the implementation of the project, its monitoring and evaluation.