World Bank Approves $200 Million Additional Funding for Ukraine

The World Bank today approved nearly $200 million in additional and reprogrammed funding to bolster support for Ukraine as Russian forces continue the largest attack on a European country since World War II, and the funding comes on top of the $723 million approved last week and is part of a $3 billion support package. dollar . World Bank President David Malpass said at a virtual event hosted by The Washington Post that the bank hopes to finish the $3 billion package within six to eight weeks.

Malpass added that the rebuilding effort would include highways, bridges and other key infrastructure. He explained that the bank is providing as much cash as possible, stressing that "our immediate focus now is how to help people who are under attack at the moment."