World Bank extended a helping hand to Ukraine, approved loans and grants of $ 723 million
The bank said in a statement that the package also includes a supplement to a loan of $ 350 million previously taken, which has been increased by $ 139 million based on guarantees from the Netherlands and Sweden.
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The World Bank said its executive board on Monday approved a $723 million package for Ukraine in the form of loans and grants. The bank said in a statement that the package also includes a supplement to a loan of $ 350 million previously taken, which has been increased by $ 139 million based on guarantees from the Netherlands and Sweden. The package includes a grant of $134 million, provided by the UK, Denmark, Latvia, Lithuania and Iceland in the form of trust funds. In parallel, Japan is providing 100 million dollars of aid.
The organization's spokesman said the amount would be transferred to the Ukrainian government in the next few days. Although the World Bank does not impose any conditions on the use of its loan, it has said that this amount will be released rapidly to the Ukrainian government for vital services, payment to hospital workers and pensioners and the operation of other social programs. will help.
Chairman David Malpass said in a statement: "The World Bank Group is taking swift action to help Ukraine and its peoples who are facing violence and aggression from Russia." Work is underway to provide $3 billion in aid to Ukraine in the coming months.
