Tuesday, March 8, 2022

World Bank approves $723m in loans, grants for Ukraine | Al Jazeera

The World Bank has said its executive board approved a $723m package of loans and grants for Ukraine, providing government budget support.



The package includes a $350m loan supplement to a prior World Bank loan, augmented by about $139m through guarantees from the Netherlands and Sweden, the bank said in a statement. 

The package also includes $134m in grants from Britain, Denmark, Latvia, Lithuania and Iceland, as well as parallel financing of $100m from Japan.

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