Business
World Bank mobilises $720m for Ukraine
World Bank mobilises $720m for Ukraine.
The World Bank has mobilised some 720 million dollars in loans and aid to help the Kiev government provide critical services for Ukrainian people amid Russia’s war on the country.
The bank’s board of executive directors has approved a supplemental budget support package including a supplemental loan for 350 million dollars and 139 million dollars in guarantees.
It is also mobilising grant financing of 134 million dollars and parallel financing of 100 million dollars, resulting to a total of 723 million dollars.
“The World Bank Group is taking quick action to support Ukraine and its people in the face of the violence and extreme disruption caused by the Russian invasion.
“This is the first of many steps we are taking to help address the far-reaching human and economic impacts of this crisis,” World Bank President, David Malpass, said.
The bank is preparing a 3 billion dollar support package for Ukraine in the coming months.
-
Business3 days agoOPay explains how Nigerians can access FG’s N50,000 monthly cash relief
-
Sports1 week agoSenegal opens Dakar 2026 Youth Olympic Games, Africa’s first Olympic event
-
Latest7 days agoFG Announces N50,000 cash support for vulnerable Nigerians under new relief programme
-
Business7 days agoNNPC’s N66-per-litre petrol discount set to end October 31
-
Latest7 days agoINEC recognises Pantami for Gombe, keeps Kano NDC candidate off final list
-
Latest1 week agoNetanyahu, Eisenkot face coalition deadlock as Israel struggles to form new government
-
Latest7 days agoNDC Chieftain tells Atiku to drop presidential ambition over son’s support for Tinubu
-
Crime7 days agoDoris Ogala remanded as Court adjourns bail hearing to November 6