The Strategist

World Bank to support Ukraine with $723M

03/08/2022 - 04:13

The World Bank board has approved the use of $723 million to help Ukraine, according to a statement on the financial institution's website.

Simone D. McCourtie / World Bank
Simone D. McCourtie / World Bank
According to the statement, the aid package of 489m dollars was approved, of which 350m dollars will be used as a loan.

139 million are envisaged as guarantees, and in addition, a 134 million grant and parallel financing in the amount of 100 million shall be leveraged.

"In all, a total of $723 million in support will be mobilized," it said.