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Tags: ukraine

World Bank Board Approves $1.49B in New Funds for Ukraine

World Bank Board Approves $1.49B in New Funds for Ukraine
(AP)

Tuesday, 07 June 2022 05:29 PM EDT

The World Bank said on Tuesday its board of executive directors approved $1.49 billion of additional financing for Ukraine to help pay wages for government and social workers, expanding the bank's total pledged support for Kyiv to over $4 billion.

The World Bank said in a statement that the latest round of funding for Ukraine is supported by financing guarantees from Britain, the Netherlands, Lithuania and Latvia. The project is also being supported by parallel financing from Italy and contributions from a new Multi-Donor Trust Fund. 

© 2022 Thomson/Reuters. All rights reserved.


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The World Bank said on Tuesday its board of executive directors approved $1.49 billion of additional financing for Ukraine to help pay wages for government and social workers, expanding the bank's total pledged support for Kyiv to over $4 billion.The World Bank said in a...
ukraine
86
2022-29-07
Tuesday, 07 June 2022 05:29 PM
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