Tuesday, July 5, 2022

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3 billion dollar support package for Ukraine from the World Bank

It has been reported that the World Bank has prepared a $3 billion support package for Ukraine in the coming months, which will begin with at least $350 million in budgetary support, which will be submitted for approval this week.

World Bank President David Malpass and International Monetary Fund (IMF) President Kristalina Georgieva made a joint statement on the war in Ukraine.

It was stated in the statement that it was deeply shocked and saddened by the devastating humanitarian and economic cost of the war in Ukraine, and it was stated that the war had significant effects on other countries as well.

“Commodity prices are rising and there is a risk of further fueling inflation, which hits the poor hardest,” the statement said. assessment was included.

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