The World Bank has approved an additional 489 million aid package for Ukraine
Washington: The World Bank has approved an additional 489 million package for Ukraine.
The aid package has been approved as “Financial Recovery from Economic Emergency in Ukraine” and “Free Ukraine”.
On March 1, the Washington-based agency announced that it was preparing 3 3 billion in emergency aid for Ukraine, of which مل 350 million would be provided immediately.
The World Bank’s board of directors on Monday decided to distribute even more.
The board of directors said: “The package approved by the board includes 350 350 million in collateral loans and 139 139 million in guarantees.
The Board of Directors said the grant would help provide important services to the people of Ukraine, including hospital workers’ wages, pensions for the elderly, and social programs for the weak.
The World Bank clarified that both the Netherlands and Sweden are contributing significantly to this package.
The board says the lender has also set up a multi-donor trust fund, in which 13 134 million has so far been raised in collaboration with the UK, Denmark, Latvia, Lithuania and Iceland.
It should be noted that hundreds of civilians have been killed and thousands injured in the 13-day war in Ukraine.
More than 1.7 million people have fled the country since the Russian invasion began on February 24, according to UN figures, more than half of whom have sought refuge in Poland.