Part of the money will come from the ADVANCE Ukraine fund, which is supported by the Japanese government.
The implementation of this program will strengthen state institutions in times of war and ensure that citizens have access to essential public services. Reforms under the project will focus on improving the efficiency of public investment and public financial management.
"We are grateful to the World Bank and our international partners for this important support to Ukraine in the face of a full-scale war unleashed by Russia," Shmyhal wrote, adding that the funding can be increased if needed.
This follows an earlier announcement by Shmyhal on Nov. 4 that Kyiv and the World Bank had signed agreements that would provide nearly $600 million to support Ukraine's private sector.