The bank’s board of executive directors has approved a
supplemental budget support package including a supplemental loan for 350
million dollars and 139 million dollars in guarantees.
It is also mobilising grant financing of 134 million dollars
and parallel financing of 100 million dollars, resulting to a total of 723
million dollars.
“The World Bank Group is taking quick action to support
Ukraine and its people in the face of the violence and extreme disruption
caused by the Russian invasion.
“This is the first of many steps we are taking to help
address the far-reaching human and economic impacts of this crisis,” World Bank
President, David Malpass, said.
The bank is preparing a 3 billion dollar support package for
Ukraine in the coming months.