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.
-
Football1 week agoPost-World Cup Shake-Up: Managerial changes, record transfers dominate football headlines
-
Football1 week agoWAFCON 2026: Super Falcons target winning start as Nigeria face debutants Malawi
-
Energy6 days agoNigeria wastes enough gas to Ggenerate 62,400GWh of electricity amid deepening energy crisis — NOSDRA
-
Business3 days agoInformation Minister, VON DG to lead ARCON’s 2026 Advertising Industry Colloquium
-
Business4 days agoCooking gas dealers slash prices amid intensifying market competition
-
Health6 days agoFauci’s personal diaries fuel renewed scrutiny of COVID-19 vaccine safety
-
Latest6 days agoADC petitions Judge after Appeal Court overturns deregistration ruling
-
News1 week agoIgbo leader Mkparu, Praises Gov Mutfwang, criticizes Dalung over apology controversy