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Home Business news

World Bank approves $610 million in additional financing for Ukraine By Reuters

by NewsHubGlobal
December 20, 2022
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World Bank approves $610 million in additional financing for Ukraine
© Reuters. FILE PHOTO: International Monetary Fund – World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo

WASHINGTON (Reuters) – The World Bank on Tuesday said it had approved an additional financing package totaling $610 million to address urgent relief and recovery needs in Ukraine as Russia’s war continues.

The package includes an additional $500 million loan from the World Bank’s International Bank for Reconstruction and Development, that is supported by a guarantee from Britain, and a new project to restore and improve access to health care and address war-related needs for health services, the bank said.



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