World Bank approves $200 mln in additional funding for Ukraine

By Trend

The World Bank on Monday announced it was making available nearly $200 million in additional and reprogrammed financing to bolster Ukraine’s social services for vulnerable people, on top of $723 million approved last week, Trend reports citing Reuters.

The financing is part of a $3 billion package of support the World Bank previously announced it is preparing for Ukraine over the coming months.

World Bank President David Malpass told a virtual event hosted by the Washington Post that the bank hoped to finalize the $3 billion package of support within six to eight weeks to help Ukraine cover its needs.