World Bank approves extra £770m for key Ukraine services
- Date: 12-Apr-2022
- Source: The Guardian
- Sector:Financial Services
- Country:Middle East
World Bank approves extra £770m for key Ukraine services
The World Bank has approved financial support to Ukraine worth $1bn (£770m) to help keep critical services running as the country fights a fresh assault by Russia in Vladimir Putin’s ongoing war.
The bank said the funds would be used to support the continuation of key government services, including wages for hospital workers, pensions for elderly people, and social programmes for vulnerable people.
Bringing total World Bank support to Ukraine and neighbouring countries to about $2bn, it said the latest round of funding was made possible after securing approval on Monday from its International Development Association arm.
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