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World Bank board approves $1.49 billion in new funds for war-hit Ukraine

The World Bank said in a statement that the latest funding is supported by financing guarantees from Britain, the Netherlands, Lithuania and Latvia

Ukraine
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Photo: Reuters

Reuters Washington
The World Bank's executive board approved $1.49 billion of additional financing for Ukraine on Tuesday to help pay wages for government and social workers, expanding the bank's total pledged support to over $4 billion.
 
The World Bank said in a statement that the latest funding is supported by financing guarantees from Britain, the Netherlands, Lithuania and Latvia. The project is also being supported by parallel financing from Italy and contributions from a new Multi-Donor Trust Fund.
 
Ukraine has said that it needs at least $5 billion per month in the near term to keep its government operating in the face

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