World Bank to give Ukraine $759m in additional aid | The Straits Times

by UKCHP_Admin

WASHINGTON – The World Bank has said it will provide an additional US$530 million (S$759 million) in support to Ukraine, bringing the total aid by the bank to US$13 billion, as Russia’s invasion of the country continues.

The aid is supported by Britain (US$500 million) and Denmark (US$30 million), the World Bank said in a statement.

Of the total aid of US$13 billion to Ukraine to date, US$11 billion has been fully disbursed, the bank added.

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 US$100 billion (S$143 billion), said Mr Arup Banerji, the World Bank’s regional country director for Eastern Europe. REUTERS



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