Ukraine will receive additional $200 million from the World Bank group , the bank said in a press release on Monday.
This financing will bolster Ukraine’s social services for vulnerable people, the bank said. Meanwhile, the total amount of financial assistance from the World Bank for Ukraine has already exceeded $925 million.
“The ongoing war continues to have severe human costs and has created financing gaps that jeopardize the ability of vulnerable people in Ukraine to meet basic needs. This rapid support will help to bridge those gaps during a time of extreme disruption as we work on broader support efforts for Ukraine and the region,” World Bank Group President David Malpass said.
Last week the World Bank mobilized $723 million in loans and grant financing for Ukraine.
A reminder that, on February 24, 2022, Russian President Vladimir Putin initiated a full-scale invasion of Ukraine, starting a war. Russian troops are shelling and destroying the key infrastructure facilities, launching air strikes on residential areas in Ukrainian cities and villages.
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