World Bank approves $723 million in loans, grants for Ukraine

The World Financial institution mentioned its government board on Monday accepted a $723 million bundle of loans and grants for Ukraine, offering authorities price range assist because the nation battles a Russian invasion.

The bundle features a $350 million mortgage complement to a previous World Financial institution mortgage, augmented by about $139 million by means of ensures from the Netherlands and Sweden, the financial institution mentioned in an announcement. The bundle additionally consists of $134 million in grants from Britain, Denmark, Latvia, Lithuania and Iceland, in addition to parallel financing of $100 million from Japan.

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