In connection with the ongoing war of Russia against Ukraine, the World Bank will provide Kyiv with an additional $1.49 billion. This was announced by the head of the organization David Malpass. According to him, these funds will be used to pay salaries to civil servants and social workers..
As stated on the World Bank website, the project received financial guarantees from the UK, the Netherlands, Lithuania and Latvia. In addition, the organization reported parallel funding from Italy and support from a multi-donor trust fund.
Thus, the World Bank assistance package to the Ukrainian economy will exceed $4 billion, of which Kyiv has already received about half, the organization said.. The World Bank estimates that as a result of the war unleashed by Russia, the Ukrainian economy will shrink by about half this year..