World Bank announces additional $200M in financing for Ukraine

World Bank announces additional $200M in financing for Ukraine

Ukrinform
Ukraine will receive $200 million more from the World Bank amid the Russian aggression.

The relevant statement was made in a press release by the World Bank, an Ukrinform correspondent reports.

This financing will bolster Ukraine’s social services for vulnerable people. Meanwhile, the total amount of financial assistance from the World Bank for Ukraine has already exceeded $925 million.

“The ongoing war continues to have severe human costs and has created financing gaps that jeopardize the ability of vulnerable people in Ukraine to meet basic needs. This rapid support will help to bridge those gaps during a time of extreme disruption as we work on broader support efforts for Ukraine and the region,” World Bank Group President David Malpass said.

Last week the World Bank mobilized $723 million in loans and grant financing for Ukraine.

A reminder that, on February 24, 2022, Russian President Vladimir Putin initiated a full-scale invasion of Ukraine, starting a war. Russian troops are shelling and destroying the key infrastructure facilities, launching air strikes on residential areas in Ukrainian cities and villages.

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