The World Bank has said it will provide an additional $530 million in support to Ukraine, bringing the total aid by the bank to $13 billion, as Russia's invasion of the country continues.
The aid is supported by the United Kingdom ($500 million) and the Kingdom of Denmark ($30 million), the World Bank said in a statement.
Of the total aid of $13 billion to Ukraine to date, $11 billion has been fully disbursed, the bank added.
World Bank’s Malpass sees risk of stagflation, likely recession in Europe
The World Bank's most recent analysis puts the total long-term cost of reconstruction and recovery in Ukraine over the next three years at well over $100 billion, said Arup Banerji, World Bank Regional Country Director for Eastern Europe.
Comments
Comments are closed.