The loan will be allocated to meet the country’s immediate relief and reconstruction needs. It will also include a new project to restore and improve access to medical care.
The World Bank has approved an additional package of financial assistance to Ukraine totaling $610 million. The funds will be allocated to meet the state’s immediate aid and restoration needs, according to Reuters.
It was noted that the package included an additional loan of $500 million from the World Bank’s International Bank for Reconstruction and Development, backed by a UK guarantee.
In addition, it includes a new project to restore and improve access to medical care and meet the needs for war-related medical services.
“Russia’s aggression in Ukraine continues to have devastating economic and humanitarian consequences, affecting the health sector, critical energy infrastructure and transportation networks,” said World Bank President David Malpass .
Recall that at the end of November the State Budget received $60 million from the World Bank. Of these funds, 50 million dollars. given on preferential terms from the International Development Association, the remaining 10 million dollars – as a guarantee from Latvia.
Earlier, the World Bank announced the allocation of an additional $500 million to Ukraine to finance the immediate needs caused by a full-scale Russian invasion.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.