$610 Mln for Ukraine From the World Bank

by Olha Povaliaieva
Wednesday, December 21, 2022
$610 Mln for Ukraine From the World Bank

On 20 December, The World Bank agreed on financing of humanitarian and health spheres of Ukraine

According to World Bank president David Malpass, the war continues to destroy Ukraine's economy and humanitarian spheres. Therefore, the funds that were approved on December 20 for the transition to Ukraine were used to finance basic social services (salaries, pensions, allowances for minor children and covering communal restructuring).

David Malpass stressed that Russian military aggression continues to aggravate the situation in the structure of healthcare, energy and transport. $500 million of the total will be provided on loan terms.

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