Oslo, 14 September 2023 (TDI): Norway is taking a bold step to assist Ukraine’s recovery by pledging NOK 1 billion. This significant support is part of the Nansen Support Programme for Ukraine, approved by Norway’s parliament earlier this year.
Prime Minister of Norway Jonas Gahr Store states, “Norway stands ready to provide long-term support to Ukraine.” This generous funding will flow through the World Bank, a trusted partner known for delivering help effectively.
In Ukraine, one of the immediate priorities is to ensure households have access to electricity. Moreover, it is imperative to keep educational institutions operational and guarantee healthcare accessibility to the Ukrainian population.
Jonas Gahr Store emphasized the severity of Ukraine’s ongoing economic and social crisis, stating, “Our funding will help to alleviate the economic and social crisis the Ukrainian people are currently facing.”
The World Bank has displayed remarkable agility in mobilizing substantial resources to address Ukraine’s pressing needs.
Prime Minister Jonas Gahr Store met with World Bank President Ajay Banga recently. They discussed supporting Ukraine, financing climate projects, and boosting investments in renewable energy.
Norway is assisting to ensure that the Ukrainian government functions correctly and necessary services are maintained.
Norway’s Foreign Affairs Minister Anniken Huitfeldt stresses the importance of working closely with the EU and other countries to support Ukraine effectively.
This substantial funding complements Norway’s previous commitment of NOK 2 billion announced in March, earmarked for bolstering Ukraine’s government administration.
Notably, the World Bank mobilizes up to three dollars in funding for every dollar contributed by donor countries.
Norway has also provided NOK 300 million in budget support and NOK 1 billion for crucial repairs like fixing power grids and roads.
Since Russia’s attack on Ukraine, the World Bank has swiftly gathered an impressive USD 37.5 billion to help Ukraine recover.
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Additionally, the Nansen Support Programme for Ukraine, approved by Norway’s parliament on 14 March, will provide NOK 75 billion over five years (2023–2027).
Norway allocated NOK 10.7 billion for civilian and military aid to Ukraine in 2022. While in 2023, the plan is to increase the amount to approximately NOK 18.5 billion.
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