Make $923m in financing available to Ukraine, World Bank says

The World Bank is making $923 million in financial assistance available to Ukraine, World Bank President David Malpass said Monday.

“We actually made disbursements last week of $325 million, and we have a press release released today showing that we now have $923 million that has been made available over the last two weeks, including this first disbursement for Ukraine,” Malpass said.

The Ukrainian government can use this money for the most needed services, including pensions, he added.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor

Shawanda H. Saldana