World Bank allocates $ 50 million for pensions and social benefits in Ukraine

Source : 112 Ukraine

Money will be transferred to the state budget in May
23:10, 10 April 2020


The World Bank will provide Ukraine $ 150 million, of which $ 50 million are supposed to support vulnerable segments of the population during the coronavirus epidemic. The remaining $ 100 million are supposed to improve social protection in general. The press service of the Cabinet of Ministers reports.

“Already in May this year, Ukraine will receive $ 50 million to strengthen social support for the population during activities aimed at overcoming the Covid-19 pandemic. These funds will be used to pay pensioners and recipients of social assistance in connection with disability. Also, from these funds during quarantine, the size of the subsidy will be increased and restrictions on the appointment of this type of support to those who have lost their jobs due to quarantine will be lifted," the report said.

Related: Ukrainian parliament to hold extraordinary meeting on April 13, - official

The funds are provided as additional funding for the project "Modernization of the system of social support for the population of Ukraine", which has been implemented by the Ministry of Social Policy with the support of the World Bank since 2014. Funds will be transferred to the State Budget of Ukraine provided that the government provides increased efficiency of state support for vulnerable groups of the population, the introduction of additional social services and activation services for recipients of social assistance in order to overcome poverty.

At the same time, it is planned to expand the program of assistance to low-income families in order to promote comprehensive and fair coverage of vulnerable segments of the population, take measures to reduce the dependence of recipients on social benefits, increase the targetedness of the housing subsidy program by strengthening control over the correctness of their provision and other measures designed to ensure the effectiveness of social support and improving the quality of life of the population.

As we reported before, President of Ukraine Volodymyr Zelensky said that there would be no reduction in teacher salaries, student scholarships, and research expenses in spite of the Covid-19 coronavirus pandemic.

Related: Government restricts movement of people in public places over weekend in Kyiv region

Related: Death toll from coronavirus in world exceeds 100,000

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