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. 

Also earlier, 

the World Bank granted Ukraine a loan of 60 million dollars

and it became known what these funds will be spent on.

Read also: 

  • A strong post-war Ukraine is a guarantee of security in Europe - Finanial Times

  • The USA gave Ukraine a $2 billion grant: what will the money be spent on

  • The US will allocate almost $45 billion for emergency aid to Ukraine and NATO allies


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