The World Bank
The World Bank
said it had approved an additional financing package totaling $610 million to address urgent aid and reconstruction needs in Ukraine as the war with Russia continues.
Reuters writes about it.
The package includes an additional $500 million loan from the World Bank's International Bank for Reconstruction and Development (IBRD), backed by a UK guarantee, as well as a new project to restore and improve access to health care and meet health needs, related to the war.
This assistance is in addition to about $18 billion already mobilized for Ukraine by the World Bank, of which about $15 billion has already been disbursed.
"Russia's invasion of Ukraine continues to have devastating economic and humanitarian consequences, affecting the health sector, critical energy infrastructure and transportation networks," said World Bank Group President David Malpass.
An additional $500 million in the IBRD loan for the Public Expenditures for Administrative Capacity Support (PEACE) project will help the Ukrainian government cover expenses related to child and family benefits, civil servant salaries and utility payments, the World Bank said.
Assistance from the World Bank:
Earlier it became known that the
World Bank will mobilize an additional $4.5 billion to support Ukraine
In particular, this financing will ensure the urgent needs of Ukraine during the winter period.
the World Bank granted Ukraine a loan of 60 million dollars
and it became known what these funds will be spent on.
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