World Bank Approves $200 Million In Additional Funding For Ukraine
NDTV
The financing is part of a $3 billion package of support the World Bank previously announced it is preparing for Ukraine over the coming months.
The World Bank on Monday announced it was making available nearly $200 million in additional and reprogrammed financing to bolster Ukraine's social services for vulnerable people, on top of $723 million approved last week.
The financing is part of a $3 billion package of support the World Bank previously announced it is preparing for Ukraine over the coming months.
World Bank President David Malpass told a virtual event hosted by the Washington Post that the bank hoped to finalize the $3 billion package of support within six to eight weeks to help Ukraine cover its needs.
"The magnitudes are astronomical," Malpass said. "Ukraine has been hit by the economic slowdown itself, the crops that are in the fields - difficult to harvest them." He said Russian forces were trying to cut off Ukrainian farmers from both food and cash.
