World Bank approves financing package totalling $610 million to address urgent needs in Ukraine

The World Bank Group today announced a new financing package that includes projects to boost relief and recovery efforts for Ukraine amid the ongoing war, reported from the Bank’s website. 

The World Bank will provide additional financing of $500 million through an IBRD loan that is supported by a guarantee from the United Kingdom for the same amount and mobilized under the Public Expenditures for Administrative Capacity Endurance (PEACE) Project.

The World Bank will also support Ukraine with a new project to restore and improve access to health care and address new and urgent needs for health services due to the war.

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