World Bank announced allocation of $500 million to Ukraine for urgent needs

25.10.2022, 11:23 censor.net

  The World Bank has announced an additional $500 million for Ukraine to finance urgent needs caused by a full-scale Russian invasion. This is reported by Censor.NET with reference to Reuters. "Financing by the International Bank for Reconstruction and Development, the bank's main lending arm, was supported by a $500 million loan guarantee from Great Britain announced on September 30," the bank said in a statement. As noted, the funds were allocated ahead of a recovery conference to be held on Tuesday, October 25 in Berlin, where national leaders, development experts, and CEOs will discuss how to rebuild Ukraine after the Russian invasion. Source: https://censor.net/en/n3376030