World Bank to support Ukraine with $723M

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

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World Bank to support Ukraine with $723M © The Strategist

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.

source: worldbank.org

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